Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 6,463 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 284,327 shares of the company's stock after selling 6,463 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Mondelez International were worth $16,983,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. United Bank boosted its stake in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after acquiring an additional 2,549 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Mondelez International by 13.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company's stock valued at $14,584,000 after purchasing an additional 23,497 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter worth $27,000. Strategy Asset Managers LLC increased its holdings in shares of Mondelez International by 6.6% in the third quarter. Strategy Asset Managers LLC now owns 8,526 shares of the company's stock valued at $628,000 after purchasing an additional 528 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Mondelez International by 8.2% in the third quarter. First Horizon Advisors Inc. now owns 10,318 shares of the company's stock valued at $760,000 after purchasing an additional 780 shares during the period. Institutional investors own 78.32% of the company's stock.

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Mondelez International Price Performance

MDLZ stock traded down $0.26 during mid-day trading on Tuesday, hitting $64.69. The stock had a trading volume of 7,459,041 shares, compared to its average volume of 7,507,820. The firm has a fifty day simple moving average of $61.52 and a 200 day simple moving average of $64.99. The firm has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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 (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued 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 2.91%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. The Goldman Sachs Group dropped their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.70.

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.