Public Employees Retirement Association of Colorado Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Public Employees Retirement Association of Colorado decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 reporting period.

Several other hedge funds have also recently bought and sold shares of MDLZ. Norges Bank purchased a new position in Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Capital Research Global Investors raised its holdings 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 valued at $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new position in Mondelez International in the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp raised its holdings in Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Finally, Invesco Ltd. raised its holdings in Mondelez International by 13.6% in the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after buying an additional 1,483,270 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $65.10 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $84.21 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a fifty day moving average of $65.92 and a 200-day moving average of $63.72.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.70.

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.