Public Employees Retirement System of Ohio Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Public Employees Retirement System of Ohio lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 572,650 shares of the company's stock after selling 26,949 shares during the period. Public Employees Retirement System of Ohio's holdings in Mondelez International were worth $34,204,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Vanguard Group Inc. boosted its position in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares during the last quarter. Capital Research Global Investors raised its position in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after acquiring an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new position in Mondelez International during the 4th quarter worth $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MDLZ shares. Wells Fargo & Company raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Up 0.9%

Shares of NASDAQ MDLZ traded up $0.57 during mid-day trading on Thursday, hitting $67.19. 2,849,354 shares of the stock traded hands, compared to its average volume of 7,992,684. The company has a market cap of $87.00 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 4.34 and a beta of 0.50. The stock has a fifty day moving average price of $66.39 and a 200-day moving average price of $63.31. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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

Mondelez International Announces Dividend

The company 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Mondelez International Company 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.