Kentucky Retirement Systems Insurance Trust Fund Has $3.71 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 57.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,107 shares of the company's stock after buying an additional 22,557 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Mondelez International were worth $3,710,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth about $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday. Finally, Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $2.53 during trading hours on Friday, hitting $64.70. 16,289,816 shares of the company's stock traded hands, compared to its average volume of 11,136,414. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company's fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $65.91. The company has a market cap of $83.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

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.