Teachers Retirement System of The State of Kentucky Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 286,324 shares of the company's stock after selling 18,677 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Mondelez International were worth $17,102,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the period. Capital Research Global Investors increased its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth $1,118,755,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after buying an additional 208,181 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Thursday. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.70.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.07 during trading on Friday, reaching $65.59. The company had a trading volume of 6,448,376 shares, compared to its average volume of 7,922,271. 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 twelve month low of $53.95 and a twelve month high of $76.06. The stock has a 50-day moving average price of $65.76 and a two-hundred day moving average price of $63.90. The stock has a market capitalization of $84.84 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is currently 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.