Public Employees Retirement Association of Colorado Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Public Employees Retirement Association of Colorado cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,771 shares of the company's stock after selling 8,699 shares during the period. Public Employees Retirement Association of Colorado's holdings in Mondelez International were worth $10,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors raised its position in 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 acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC boosted its stake in Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $1,118,755,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after purchasing an additional 208,181 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDLZ. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Morgan Stanley lifted their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Trading Down 0.2 %

NASDAQ MDLZ traded down $0.12 during trading hours on Friday, hitting $67.75. 7,395,023 shares of the company were exchanged, compared to its average volume of 7,918,863. The stock has a market cap of $87.64 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a 50-day moving average price of $66.14 and a 200 day moving average price of $63.61. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the company earned $0.93 earnings per share. Mondelez International's revenue was up .2% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

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.