Conning Inc. Has $37.41 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Conning Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 507,795 shares of the company's stock after selling 27,827 shares during the quarter. Conning Inc.'s holdings in Mondelez International were worth $37,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new position in Mondelez International during the 2nd quarter worth $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $29,000. Finally, ESL Trust Services LLC acquired a new position in Mondelez International during the 1st quarter worth $38,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 price target for the company. DA Davidson cut their price objective on Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company cut their price objective on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday. Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Finally, Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $79.94.

Mondelez International Trading Up 0.0 %

Shares of Mondelez International stock traded up $0.03 on Friday, reaching $68.51. 6,470,448 shares of the company were exchanged, compared to its average volume of 5,646,403. The firm has a market capitalization of $91.52 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.55. 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 current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $72.35 and a 200-day moving average price of $69.81.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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%. Mondelez International's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

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.