Fisher Asset Management LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Fisher Asset Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,712 shares of the company’s stock after selling 1,664 shares during the quarter. Fisher Asset Management LLC’s holdings in Mondelez International were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDLZ. Northern Trust Corp lifted its stake in Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after purchasing an additional 303,965 shares in the last quarter. Invesco Ltd. boosted its position in shares of Mondelez International by 9.2% during the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after acquiring an additional 648,270 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mondelez International by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock valued at $504,645,000 after purchasing an additional 69,381 shares during the period. California Public Employees Retirement System increased its position in Mondelez International by 7.8% during the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after purchasing an additional 450,459 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Mondelez International by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after purchasing an additional 62,595 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.3 %

Shares of MDLZ opened at $70.20 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $70.04 and a 200-day simple moving average of $71.10. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.54. The stock has a market cap of $94.52 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the company earned $0.89 EPS. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several analyst reports. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

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.