State of New Jersey Common Pension Fund D Sells 12,298 Shares of Mondelez International, Inc. $MDLZ

State of New Jersey Common Pension Fund D decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,984 shares of the company’s stock after selling 12,298 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Mondelez International were worth $29,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter worth $26,000. North Capital Inc. bought a new position in Mondelez International in the 1st quarter worth $31,000. Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter worth $33,000. Finally, Saudi Central Bank bought a new position in Mondelez International in the 1st quarter worth $36,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.4%

Shares of MDLZ stock opened at $60.77 on Friday. The stock has a market cap of $78.63 billion, a P/E ratio of 22.26, a PEG ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $62.22 and its two-hundred day simple moving average is $65.11.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is currently 73.26%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Barclays upped their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Piper Sandler upped their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.22.

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.