NJ State Employees Deferred Compensation Plan Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NJ State Employees Deferred Compensation Plan lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,487 shares of the company's stock after selling 12,000 shares during the period. NJ State Employees Deferred Compensation Plan's holdings in Mondelez International were worth $1,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after acquiring an additional 17,815 shares during the period. Buckingham Capital Management Inc. lifted its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after purchasing an additional 18,961 shares during the last quarter. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after purchasing an additional 957 shares during the period. ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after buying an additional 74,975 shares in the last quarter. Finally, Kennedy Investment Group bought a new position in Mondelez International during the 4th quarter worth $313,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.5 %

Shares of MDLZ traded up $0.98 during trading hours on Friday, hitting $67.74. 13,950,486 shares of the stock were exchanged, compared to its average volume of 7,444,202. The business has a 50-day moving average of $59.91 and a 200-day moving average of $65.62. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $87.62 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 annualized dividend and a yield of 2.78%. Mondelez International's payout ratio is 54.97%.

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

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.74.

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.