Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,620 shares of the company’s stock after selling 9,606 shares during the period. Maryland State Retirement & Pension System’s holdings in Mondelez International were worth $4,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MDLZ. Abound Financial LLC acquired a new position in Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in Mondelez International during the 1st quarter worth about $31,000. Finally, Orion Capital Management LLC purchased a new stake in Mondelez International during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $71.95.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.40 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market capitalization of $80.80 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 4.69 and a beta of 0.46. The business has a 50 day simple moving average of $67.39 and a 200 day simple moving average of $65.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is currently 68.86%.

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.