Public Employees Retirement Association of Colorado Has $12.15 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Public Employees Retirement Association of Colorado reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,640 shares of the company’s stock after selling 8,359 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Mondelez International were worth $12,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Ieq Capital LLC lifted its stake in Mondelez International by 2.7% in the second quarter. Ieq Capital LLC now owns 110,481 shares of the company’s stock valued at $7,230,000 after acquiring an additional 2,907 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Mondelez International by 3.5% during the 2nd quarter. Brighton Jones LLC now owns 8,665 shares of the company’s stock valued at $567,000 after acquiring an additional 297 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Mondelez International by 27.8% in the 2nd quarter. Intech Investment Management LLC now owns 116,446 shares of the company’s stock valued at $7,620,000 after acquiring an additional 25,311 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Mondelez International by 10.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,177,976 shares of the company’s stock worth $207,967,000 after purchasing an additional 310,994 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of Mondelez International by 253.2% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 15,892 shares of the company’s stock worth $1,040,000 after buying an additional 11,392 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ:MDLZ opened at $74.28 on Friday. The firm has a market cap of $99.64 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company’s fifty day simple moving average is $70.66 and its 200 day simple moving average is $69.45. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Profile

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.