New York State Teachers Retirement System Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

New York State Teachers Retirement System decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 974,382 shares of the company's stock after selling 65,694 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Mondelez International worth $66,112,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MDLZ. Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter worth about $1,118,755,000. Capital Research Global Investors boosted its stake in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth about $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International during the first quarter worth approximately $189,930,000. Finally, Deutsche Bank AG boosted its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $67.78 on Monday. The stock has a 50 day moving average price of $66.73 and a 200 day moving average price of $63.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market cap of $87.76 billion, a PE ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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 dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.77%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Barclays increased their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. 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 MarketBeat.com, the company currently has a consensus 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.

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