Public Employees Retirement System of Ohio Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Public Employees Retirement System of Ohio cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 643,223 shares of the company’s stock after selling 50,149 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mondelez International were worth $45,026,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Mondelez International during the fourth quarter worth about $1,231,413,000. Vanguard Group Inc. boosted its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after acquiring an additional 6,426,928 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MDLZ shares. Evercore ISI reduced their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America reduced their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.39.

Mondelez International Stock Up 1.4 %

NASDAQ MDLZ traded up $0.93 during trading hours on Monday, hitting $67.35. 3,718,812 shares of the company were exchanged, compared to its average volume of 7,180,113. The company has a 50 day moving average of $66.94 and a two-hundred day moving average of $69.94. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a market cap of $90.34 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.75 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the business earned $0.89 EPS. Mondelez International’s revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.52%. Mondelez International’s payout ratio is currently 53.97%.

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.