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

California State Teachers Retirement System cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,214,485 shares of the company's stock after selling 42,506 shares during the quarter. California State Teachers Retirement System owned 0.17% of Mondelez International worth $132,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $27,000. Transce3nd LLC bought a new position in Mondelez International in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the fourth quarter valued at $31,000. Finally, Sierra Ocean LLC bought a new stake in Mondelez International during the fourth quarter valued at about $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.2 %

Shares of MDLZ stock traded down $0.12 on Friday, hitting $67.75. The stock had a trading volume of 7,395,023 shares, compared to its average volume of 7,919,560. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a 50 day moving average price of $66.10 and a 200 day moving average price of $63.75. The company has a market cap of $87.64 billion, a PE ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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.