Summit Investment Advisors Inc. Cuts Position in Mondelez International, Inc. $MDLZ

Summit Investment Advisors Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,820 shares of the company’s stock after selling 945 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Mondelez International were worth $3,787,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 13,755,181 shares during the period. Nuveen LLC bought a new position in shares of Mondelez International during the first quarter valued at about $866,843,000. Invesco Ltd. increased its stake in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. raised its stake in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after acquiring an additional 89,362 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $57.18 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. 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 firm has a 50-day moving average price of $61.31 and a 200-day moving average price of $64.45. The firm has a market capitalization 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.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MDLZ shares. Bank of America decreased their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. UBS Group reduced their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.68.

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.