Kentucky Retirement Systems Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Retirement Systems decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,080 shares of the company’s stock after selling 1,175 shares during the quarter. Kentucky Retirement Systems’ holdings in Mondelez International were worth $6,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MDLZ. SageView Advisory Group LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $907,000. Gotham Asset Management LLC lifted its stake in Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Mondelez International during the first quarter valued at about $1,686,000. Schroder Investment Management Group grew its stake in shares of Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after buying an additional 168,639 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mondelez International by 21.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after buying an additional 27,379 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $75.05 on Thursday. The business’s fifty day moving average is $70.29 and its 200 day moving average is $69.40. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $100.67 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Stifel Nicolaus dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America decreased their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, 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.