Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 572,650 shares of the company’s stock after selling 26,949 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mondelez International were worth $34,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDLZ. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho lifted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.14 on Friday. The stock has a market capitalization of $85.64 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. The business’s 50 day moving average is $66.25 and its two-hundred day moving average is $63.30. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International’s dividend payout ratio is presently 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.