Zions Bancorporation National Association UT Sells 960 Shares of Mondelez International, Inc. $MDLZ

Zions Bancorporation National Association UT cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,617 shares of the company’s stock after selling 960 shares during the period. Zions Bancorporation National Association UT’s holdings in Mondelez International were worth $2,335,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. boosted its position in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC grew its stake in Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Hamlin Capital Management LLC bought a new stake in Mondelez International in the first quarter worth approximately $64,152,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.18 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $73.99 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The stock’s fifty day simple moving average is $61.31 and its two-hundred day simple moving average is $64.43. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion during the quarter. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Morgan Stanley lowered their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Mizuho dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Finally, Evercore ISI reduced their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $68.68.

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.