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

Zions Bancorporation National Association UT decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% in the 2nd quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC lifted its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC raised its stake in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter valued at $33,000. Saudi Central Bank purchased a new stake in Mondelez International during the 1st quarter worth about $36,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.8%

Shares of MDLZ opened at $57.18 on Monday. The firm has a market cap of $73.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42. The stock has a 50 day simple moving average of $61.31 and a two-hundred day simple moving average of $64.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho cut their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Bank of America cut their price target on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, UBS Group dropped their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target 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.