Louisiana State Employees Retirement System Sells 1,100 Shares of Mondelez International, Inc. $MDLZ

Louisiana State Employees Retirement System decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 163,000 shares of the company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Mondelez International were worth $10,993,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its position in Mondelez International by 13.0% in the second quarter. Venturi Wealth Management LLC now owns 7,780 shares of the company’s stock worth $525,000 after acquiring an additional 892 shares during the period. Canopy Partners LLC increased its stake in shares of Mondelez International by 8.8% in the second quarter. Canopy Partners LLC now owns 18,284 shares of the company’s stock worth $1,233,000 after purchasing an additional 1,484 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Mondelez International by 283.9% in the second quarter. Shell Asset Management Co. now owns 28,087 shares of the company’s stock worth $1,894,000 after purchasing an additional 20,770 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Mondelez International by 16.0% in the second quarter. Joel Isaacson & Co. LLC now owns 12,053 shares of the company’s stock worth $813,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new position in Mondelez International in the 2nd quarter valued at approximately $203,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective for the company. Evercore ISI reduced their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Price Performance

MDLZ stock opened at $62.60 on Wednesday. The firm has a 50 day moving average of $62.48 and a 200-day moving average of $65.53. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The firm has a market capitalization of $81.00 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 4.68 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business earned $0.86 earnings per share. Mondelez International’s revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is 73.26%.

About Mondelez International

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.