State of Alaska Department of Revenue Sells 3,300 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

State of Alaska Department of Revenue lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,280 shares of the company’s stock after selling 3,300 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mondelez International were worth $10,799,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. KFG Wealth Management LLC boosted its position in shares of Mondelez International by 9.9% in the first quarter. KFG Wealth Management LLC now owns 3,274 shares of the company’s stock valued at $229,000 after acquiring an additional 296 shares during the period. Albion Financial Group UT bought a new stake in Mondelez International in the 1st quarter valued at $44,000. Azzad Asset Management Inc. ADV grew its position in Mondelez International by 2.5% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 60,305 shares of the company’s stock worth $4,221,000 after purchasing an additional 1,469 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Mondelez International by 2.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,616,548 shares of the company’s stock valued at $253,158,000 after buying an additional 69,452 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning lifted its stake in shares of Mondelez International by 1.5% in the first quarter. Handelsinvest Investeringsforvaltning now owns 23,123 shares of the company’s stock valued at $1,619,000 after buying an additional 342 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.5 %

NASDAQ MDLZ opened at $66.34 on Thursday. The stock’s 50 day simple moving average is $68.71 and its 200 day simple moving average is $70.71. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The firm has a market cap of $88.99 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. 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 (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is presently 53.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI lowered their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays cut their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.