State of New Jersey Common Pension Fund D Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

State of New Jersey Common Pension Fund D lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 36.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 493,674 shares of the company’s stock after selling 282,585 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Mondelez International were worth $32,306,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in Mondelez International by 10.4% during the 4th quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after purchasing an additional 987 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Mondelez International by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 46,618 shares of the company’s stock valued at $3,377,000 after buying an additional 1,541 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $244,000. Quadrant Capital Group LLC lifted its stake in shares of Mondelez International by 8.4% during the 4th quarter. Quadrant Capital Group LLC now owns 13,828 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Bedel Financial Consulting Inc. boosted its holdings in Mondelez International by 5.7% during the 4th quarter. Bedel Financial Consulting Inc. now owns 4,621 shares of the company’s stock valued at $335,000 after acquiring an additional 250 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $74.38 on Friday. The firm has a market capitalization of $99.77 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The business’s 50-day moving average is $69.56 and its two-hundred day moving average is $69.37. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America reduced their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Barclays decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. DA Davidson dropped their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

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.