Kentucky Retirement Systems Insurance Trust Fund Sells 23,153 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 37.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,954 shares of the company's stock after selling 23,153 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Mondelez International were worth $2,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi boosted its stake in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the period. Commonwealth Equity Services LLC boosted its stake in Mondelez International by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. SBI Securities Co. Ltd. bought a new position in Mondelez International in the 4th quarter worth approximately $336,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after purchasing an additional 8,544 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Mondelez International by 2.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 540,900 shares of the company's stock worth $32,308,000 after purchasing an additional 12,900 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $68.31 on Friday. The stock's fifty day moving average is $66.66 and its 200 day moving average is $63.55. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market capitalization of $88.45 billion, a PE ratio of 25.39, a PEG ratio of 5.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. Mondelez International's payout ratio is 69.89%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Piper Sandler upped their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

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.

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