Cullen Frost Bankers Inc. Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Cullen Frost Bankers Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,084 shares of the company’s stock after selling 5,516 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Mondelez International were worth $4,497,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Carmel Capital Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $29,000. Orion Capital Management LLC bought a new position in Mondelez International in the third quarter valued at about $35,000. Finally, Milestone Investment Advisors LLC bought a new position in Mondelez International in the third quarter worth approximately $56,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $70.43 on Thursday. The stock has a 50-day simple moving average of $70.10 and a two-hundred day simple moving average of $71.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market capitalization of $94.83 billion, a P/E ratio of 22.36, a PEG ratio of 2.47 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (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 business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDLZ shares. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Sanford C. Bernstein increased their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.