New York State Teachers Retirement System increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,106,457 shares of the company’s stock after buying an additional 5,833 shares during the period. New York State Teachers Retirement System’s holdings in Mondelez International were worth $105,154,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in Mondelez International in the first quarter valued at approximately $32,000. Gemmer Asset Management LLC increased its stake in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after purchasing an additional 357 shares during the last quarter. Live Your Vision LLC increased its stake in Mondelez International by 99.0% in the first quarter. Live Your Vision LLC now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 410 shares during the last quarter. Exane Derivatives purchased a new position in Mondelez International in the fourth quarter valued at approximately $33,000. Finally, Northwest Wealth Management LLC increased its stake in Mondelez International by 355.4% in the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after purchasing an additional 654 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.
Shares of MDLZ opened at $52.18 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. The company has a market cap of $75.16 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.76 and a beta of 0.89. Mondelez International Inc has a 12-month low of $38.78 and a 12-month high of $52.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.99%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.
In related news, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the completion of the sale, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 5,495 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the sale, the executive vice president now directly owns 78,523 shares of the company’s stock, valued at $3,711,782.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,842 shares of company stock valued at $3,559,277. Corporate insiders own 1.50% of the company’s stock.
Several equities analysts have commented on the stock. Credit Suisse Group increased their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. UBS Group raised their target price on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $49.67.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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