Quantinno Capital Management LP Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Quantinno Capital Management LP lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,147 shares of the company’s stock after selling 21,542 shares during the period. Quantinno Capital Management LP’s holdings in Mondelez International were worth $8,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc increased its holdings in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after buying an additional 168 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after purchasing an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC increased its stake in shares of Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital increased its stake in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its stake in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Trading Up 2.5%

Shares of Mondelez International stock opened at $65.14 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market cap of $84.34 billion, a PE ratio of 19.05, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a 50 day simple moving average of $66.20 and a two-hundred day simple moving average of $63.44.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business posted $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.