Cullen Frost Bankers Inc. Sells 5,516 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cullen Frost Bankers Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% in the 4th quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC bought a new stake in Mondelez International during the third quarter valued at $28,000. First Command Advisory Services Inc. bought a new stake in Mondelez International during the third quarter valued at approximately $29,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $35,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $56,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $70.43 on Thursday. The business has a 50 day moving average of $70.10 and a 200 day moving average of $71.10. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54. The company has a market cap of $94.83 billion, a PE ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDLZ. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

About Mondelez International

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.