Van ECK Associates Corp Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Van ECK Associates Corp reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 137,430 shares of the company’s stock after selling 12,978 shares during the period. Van ECK Associates Corp’s holdings in Mondelez International were worth $9,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDLZ. HHM Wealth Advisors LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $29,000. Carmel Capital Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new position in Mondelez International in the 3rd quarter worth approximately $29,000. Orion Capital Management LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $35,000. Finally, Legacy Financial Group LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $70.50 on Friday. The stock’s fifty day moving average is $70.29 and its two-hundred day moving average is $70.86. The company has a market capitalization of $94.93 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.46 and a beta of 0.55. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, analysts expect that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Citigroup decreased their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Profile

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.