Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 350,870 shares of the company's stock after selling 12,100 shares during the quarter. State of Michigan Retirement System's holdings in Mondelez International were worth $23,807,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on MDLZ. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays increased their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Up 0.0%

NASDAQ MDLZ traded up $0.03 during trading hours on Friday, reaching $67.18. 6,171,071 shares of the company traded hands, compared to its average volume of 8,101,576. The stock has a market capitalization of $86.99 billion, a PE ratio of 24.97, a PEG ratio of 5.20 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a 50 day moving average of $67.00 and a two-hundred day moving average of $64.20. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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 paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's payout ratio is currently 69.89%.

About Mondelez International

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.