Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,644 shares of the company’s stock after selling 10,012 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mondelez International were worth $9,625,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MDLZ. BDF Gestion acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $6,690,000. M&G Plc acquired a new stake in Mondelez International in the 1st quarter valued at about $12,010,000. Strategic Wealth Investment Group LLC boosted its position in shares of Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after purchasing an additional 40,154 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Mondelez International by 3.5% in the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock worth $71,803,000 after purchasing an additional 34,404 shares during the last quarter. Finally, Buckingham Capital Management Inc. grew its stake in shares of Mondelez International by 1,554.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after purchasing an additional 69,934 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.1 %

Shares of NASDAQ MDLZ traded up $0.08 during mid-day trading on Thursday, hitting $66.08. The company had a trading volume of 258,417 shares, compared to its average volume of 6,743,500. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The company has a market capitalization of $88.36 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 3.00 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $71.52 and a two-hundred day simple moving average of $69.64.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MDLZ. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Company 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.