Retirement Systems of Alabama lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,228,067 shares of the company’s stock after selling 3,851 shares during the period. Retirement Systems of Alabama owned about 0.09% of Mondelez International worth $61,305,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of MDLZ. Braun Bostich & Associates Inc. increased its holdings in shares of Mondelez International by 28.9% in the fourth quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock worth $39,000 after buying an additional 219 shares during the period. Community Bank N.A. increased its holdings in Mondelez International by 10.6% during the 4th quarter. Community Bank N.A. now owns 2,497 shares of the company’s stock valued at $100,000 after purchasing an additional 239 shares during the period. Cornerstone Advisors Inc. increased its holdings in Mondelez International by 3.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 8,643 shares of the company’s stock valued at $346,000 after purchasing an additional 248 shares during the period. Whitnell & Co. increased its holdings in Mondelez International by 0.5% during the 4th quarter. Whitnell & Co. now owns 50,279 shares of the company’s stock valued at $2,013,000 after purchasing an additional 252 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Mondelez International by 7.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,858 shares of the company’s stock valued at $193,000 after purchasing an additional 280 shares during the period. 76.85% of the stock is owned by hedge funds and other institutional investors.
In other Mondelez International news, EVP Gerhard W. Pleuhs sold 29,340 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the transaction, the executive vice president now owns 229,700 shares in the company, valued at approximately $10,961,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alejandro Lorenzo sold 26,347 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the transaction, the executive vice president now owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,127 shares of company stock worth $3,398,519 in the last quarter. Company insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts expect that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
A number of brokerages recently issued reports on MDLZ. UBS Group boosted their price target on Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $47.90.
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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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