Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,327 shares of the company’s stock after selling 6,463 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mondelez International were worth $16,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MDLZ shares. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $63.95 on Friday. The company has a market cap of $82.72 billion, a P/E ratio of 18.70, a PEG ratio of 4.34 and a beta of 0.50. The business has a 50 day moving average of $61.18 and a two-hundred day moving average of $65.23. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. 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) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.94%. Mondelez International’s dividend payout ratio (DPR) is presently 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.