Maryland State Retirement & Pension System Sells 5,004 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Maryland State Retirement & Pension System lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,226 shares of the company's stock after selling 5,004 shares during the period. Maryland State Retirement & Pension System's holdings in Mondelez International were worth $4,314,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock valued at $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC increased its holdings in Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock worth $2,069,906,000 after acquiring an additional 341,203 shares during the last quarter. FMR LLC raised its stake in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock valued at $1,268,242,000 after buying an additional 489,068 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Mondelez International by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock worth $618,458,000 after buying an additional 326,177 shares during the period. Institutional investors own 78.32% of the company's stock.

Remove Ads

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.44 during trading on Monday, hitting $64.95. 7,514,172 shares of the stock traded hands, compared to its average volume of 7,508,736. The firm's fifty day moving average is $61.35 and its 200-day moving average is $65.06. The stock has a market cap of $84.01 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MDLZ shares. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Morgan Stanley initiated coverage on Mondelez International in a research note on Monday. They issued an "overweight" rating and a $69.00 target price for the company. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.70.

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.