Teacher Retirement System of Texas Sells 98,153 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Teacher Retirement System of Texas cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,533 shares of the company's stock after selling 98,153 shares during the period. Teacher Retirement System of Texas' holdings in Mondelez International were worth $17,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC boosted its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Mondelez International by 33.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,308 shares of the company's stock valued at $616,000 after purchasing an additional 2,557 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Mondelez International by 0.4% in the 4th quarter. Assetmark Inc. now owns 97,171 shares of the company's stock valued at $5,804,000 after purchasing an additional 430 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $10,084,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDLZ. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Morgan Stanley raised their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Trading Down 0.8%

Shares of Mondelez International stock opened at $69.02 on Friday. 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 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $89.36 billion, a P/E ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48. The business has a 50 day moving average price of $66.91 and a 200 day moving average price of $63.97.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm 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 $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International's dividend payout ratio (DPR) is presently 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.

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