Louisiana State Employees Retirement System Sells 5,400 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Louisiana State Employees Retirement System lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,100 shares of the company's stock after selling 5,400 shares during the quarter. Louisiana State Employees Retirement System's holdings in Mondelez International were worth $11,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Abound Financial LLC acquired a new stake in shares of Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter worth approximately $26,000. Transce3nd LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Mondelez International stock traded up $0.42 during mid-day trading on Monday, reaching $67.60. 1,580,107 shares of the stock traded hands, compared to its average volume of 8,074,719. The stock has a market capitalization of $87.53 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 5.21 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business's 50-day moving average is $66.99 and its 200-day moving average is $64.31.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research reports. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average 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.