Kentucky Retirement Systems Insurance Trust Fund Sells 3,714 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Retirement Systems Insurance Trust Fund lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,550 shares of the company’s stock after selling 3,714 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mondelez International were worth $2,914,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. M&G Plc bought a new position in Mondelez International during the 1st quarter worth about $12,010,000. First Foundation Advisors lifted its position in shares of Mondelez International by 17.1% in the 1st quarter. First Foundation Advisors now owns 7,907 shares of the company’s stock worth $553,000 after purchasing an additional 1,152 shares during the period. Spirepoint Private Client LLC bought a new position in shares of Mondelez International during the first quarter valued at approximately $596,000. Edgestream Partners L.P. increased its holdings in Mondelez International by 43.4% during the first quarter. Edgestream Partners L.P. now owns 38,505 shares of the company’s stock valued at $2,695,000 after buying an additional 11,660 shares during the period. Finally, Jacobi Capital Management LLC raised its stake in Mondelez International by 4.7% in the first quarter. Jacobi Capital Management LLC now owns 7,810 shares of the company’s stock worth $547,000 after buying an additional 348 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MDLZ shares. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $64.49 on Friday. Mondelez International, Inc. has a one year low of $63.91 and a one year high of $77.20. The stock has a market cap of $86.24 billion, a PE ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a 50 day moving average price of $71.11 and a 200 day moving average price of $69.56.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.