New York State Common Retirement Fund Sells 156,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

New York State Common Retirement Fund trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,645,258 shares of the company's stock after selling 156,000 shares during the period. New York State Common Retirement Fund owned about 0.13% of Mondelez International worth $111,631,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDLZ. Arizona State Retirement System increased its position in shares of Mondelez International by 1.9% in the first quarter. Arizona State Retirement System now owns 392,184 shares of the company's stock valued at $26,610,000 after acquiring an additional 7,216 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Mondelez International by 38.8% in the 1st quarter. Kathmere Capital Management LLC now owns 14,950 shares of the company's stock valued at $1,014,000 after purchasing an additional 4,181 shares during the period. Ballentine Partners LLC boosted its position in shares of Mondelez International by 25.8% in the first quarter. Ballentine Partners LLC now owns 18,976 shares of the company's stock valued at $1,288,000 after acquiring an additional 3,889 shares during the period. Independent Investors Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $224,000. Finally, IFC Advisors LLC grew its position in Mondelez International by 20.5% during the first quarter. IFC Advisors LLC now owns 15,558 shares of the company's stock worth $1,056,000 after buying an additional 2,651 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.0%

Mondelez International stock opened at $67.18 on Monday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average price of $66.99 and a 200-day moving average price of $64.31. The company has a market capitalization of $86.99 billion, a P/E ratio of 24.97, a P/E/G ratio of 5.21 and a beta of 0.48.

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, 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 during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. Mondelez International's payout ratio is 69.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. 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. Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.