Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,970 shares of the company’s stock after selling 3,500 shares during the quarter. State of Michigan Retirement System’s holdings in Mondelez International were worth $25,828,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Insigneo Advisory Services LLC boosted its position in Mondelez International by 36.9% during the third quarter. Insigneo Advisory Services LLC now owns 6,366 shares of the company’s stock worth $445,000 after acquiring an additional 1,716 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Mondelez International by 7.5% in the third quarter. AQR Capital Management LLC now owns 1,023,584 shares of the company’s stock valued at $71,037,000 after purchasing an additional 71,814 shares during the period. Glenmede Trust Co. NA grew its position in shares of Mondelez International by 12.9% in the third quarter. Glenmede Trust Co. NA now owns 283,213 shares of the company’s stock valued at $19,655,000 after purchasing an additional 32,318 shares during the period. Axxcess Wealth Management LLC increased its stake in Mondelez International by 116.0% in the third quarter. Axxcess Wealth Management LLC now owns 44,208 shares of the company’s stock valued at $3,068,000 after purchasing an additional 23,737 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in Mondelez International by 19.8% during the third quarter. Alps Advisors Inc. now owns 39,512 shares of the company’s stock worth $2,742,000 after buying an additional 6,517 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDLZ shares. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Sanford C. Bernstein lifted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, TD Cowen cut their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.03 on Wednesday. The stock has a market capitalization of $88.57 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53. The business’s fifty day moving average price is $68.80 and its 200 day moving average price is $70.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.57%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.