Tokio Marine Asset Management Co. Ltd. Sells 10,012 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tokio Marine Asset Management Co. Ltd. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,644 shares of the company's stock after selling 10,012 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Mondelez International were worth $9,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BDF Gestion acquired a new position in shares of Mondelez International in the 2nd quarter worth $6,690,000. M&G Plc acquired a new stake in Mondelez International during the 1st quarter worth about $12,010,000. Strategic Wealth Investment Group LLC boosted its holdings in shares of Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company's stock worth $10,187,000 after buying an additional 40,154 shares during the period. TD Asset Management Inc raised its holdings in shares of Mondelez International by 3.5% during the first quarter. TD Asset Management Inc now owns 1,025,760 shares of the company's stock valued at $71,803,000 after acquiring an additional 34,404 shares during the period. Finally, Buckingham Capital Management Inc. boosted its stake in 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 period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.44 during midday trading on Thursday, hitting $65.56. The company had a trading volume of 6,837,304 shares, compared to its average volume of 6,773,393. The firm has a fifty day simple moving average of $71.52 and a two-hundred day simple moving average of $69.64. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $87.67 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 3.00 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDLZ shares. DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Barclays reduced 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. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $78.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $80.31.

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.