New York State Common Retirement Fund Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

New York State Common Retirement Fund lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,801,258 shares of the company's stock after selling 10,100 shares during the period. New York State Common Retirement Fund owned 0.13% of Mondelez International worth $107,589,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MDLZ. Raleigh Capital Management Inc. increased its stake in shares of Mondelez International by 11.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,530 shares of the company's stock worth $334,000 after purchasing an additional 464 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Mondelez International by 26.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,473 shares of the company's stock valued at $2,319,000 after purchasing an additional 6,677 shares during the period. Stanley Laman Group Ltd. bought a new position in Mondelez International in the 3rd quarter valued at $431,000. BLB&B Advisors LLC boosted its holdings in Mondelez International by 6.2% in the 3rd quarter. BLB&B Advisors LLC now owns 10,236 shares of the company's stock valued at $754,000 after purchasing an additional 602 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Mondelez International by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 62,687 shares of the company's stock valued at $4,618,000 after purchasing an additional 5,585 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MDLZ. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Piper Sandler downgraded shares of Mondelez International from an "overweight" rating to a "neutral" rating and cut their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus cut their price target 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. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Trading Up 4.2 %

NASDAQ:MDLZ traded up $2.61 during trading hours on Friday, reaching $64.78. The company's stock had a trading volume of 8,748,869 shares, compared to its average volume of 10,903,854. The firm has a market capitalization of $83.79 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 4.32 and a beta of 0.54. The firm has a 50-day simple moving average of $58.92 and a 200-day simple moving average of $65.94. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

About Mondelez International

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.