Teachers Retirement System of The State of Kentucky Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,242 shares of the company's stock after selling 19,082 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Mondelez International were worth $18,133,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MDLZ. Norges Bank bought a new position in Mondelez International during the 4th quarter worth $1,118,755,000. Capital Research Global Investors raised its stake in Mondelez International by 13.9% during 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 acquiring an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the 1st quarter worth $189,930,000. Deutsche Bank AG increased its holdings in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mondelez International during the fourth quarter valued at about $104,065,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. UBS Group increased their price target on Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.72.

Mondelez International Price Performance

NASDAQ MDLZ opened at $69.81 on Monday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $90.39 billion, a P/E ratio of 25.95, a PEG ratio of 5.26 and a beta of 0.48. 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 company has a 50-day moving average price of $67.10 and a 200-day moving average price of $64.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $0.93 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio is 69.89%.

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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