Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,476 shares of the company’s stock after selling 8,869 shares during the period. State of Alaska Department of Revenue’s holdings in Mondelez International were worth $9,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. State Street Corp lifted its holdings in shares of Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares during the period. Geode Capital Management LLC raised its position in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after buying an additional 341,203 shares during the last quarter. FMR LLC lifted its stake in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mondelez International by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after acquiring an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7 %

MDLZ stock opened at $57.83 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business’s 50-day moving average is $59.61 and its 200 day moving average is $66.47. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 return on equity of 17.53% and a net margin of 10.58%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDLZ. Barclays decreased their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Finally, UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.76.

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.