Teachers Retirement System of The State of Kentucky Has $22.47 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Teachers Retirement System of The State of Kentucky lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,001 shares of the company's stock after selling 46,895 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Mondelez International were worth $22,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MDLZ. Coldstream Capital Management Inc. raised its stake in shares of Mondelez International by 12.4% during the third quarter. Coldstream Capital Management Inc. now owns 26,188 shares of the company's stock valued at $1,917,000 after purchasing an additional 2,885 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $2,069,906,000 after buying an additional 341,203 shares in the last quarter. Frisch Financial Group Inc. increased its stake in Mondelez International by 16.0% during the 3rd quarter. Frisch Financial Group Inc. now owns 3,678 shares of the company's stock valued at $273,000 after buying an additional 507 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Mondelez International by 9.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,010 shares of the company's stock worth $223,000 after buying an additional 255 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Mondelez International by 7.4% in the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after acquiring an additional 175 shares during the period. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the company from $78.00 to $67.00 in a report on Thursday. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Finally, Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.07.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock traded down $0.49 during trading on Thursday, hitting $62.63. The stock had a trading volume of 8,030,688 shares, compared to its average volume of 6,910,186. Mondelez International, Inc. has a 1 year low of $60.33 and a 1 year high of $77.20. The stock has a 50 day simple moving average of $67.35 and a 200 day simple moving average of $68.72. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $83.75 billion, a PE ratio of 22.38, a P/E/G ratio of 2.84 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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

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.