Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,076 shares of the company's stock after selling 58,927 shares during the period. New York State Teachers Retirement System owned 0.08% of Mondelez International worth $62,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its stake in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after buying an additional 161 shares during the period. Hardy Reed LLC boosted its position in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock worth $848,000 after acquiring an additional 161 shares during the last quarter. Interchange Capital Partners LLC grew its stake in Mondelez International by 4.9% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock worth $257,000 after acquiring an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its holdings in Mondelez International by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock valued at $563,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Stock Up 1.3 %

NASDAQ:MDLZ traded up $0.78 during mid-day trading on Wednesday, hitting $61.96. The company had a trading volume of 7,671,179 shares, compared to its average volume of 11,025,266. The business has a fifty day simple moving average of $58.95 and a 200-day simple moving average of $66.00. The firm has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. 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 (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given 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 3.03%. Mondelez International's payout ratio is currently 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.