Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 846,945 shares of the company’s stock after selling 1,330 shares during the quarter. Retirement Systems of Alabama’s holdings in Mondelez International were worth $50,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new stake in Mondelez International during the third quarter worth about $219,045,000. FMR LLC grew its holdings in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Holocene Advisors LP acquired a new stake in Mondelez International during the third quarter worth about $159,823,000. Finally, National Bank of Canada FI grew its holdings in Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after acquiring an additional 1,935,356 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $56.12 on Wednesday. Mondelez International, Inc. has a 52 week low of $55.88 and a 52 week high of $76.69. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $75.04 billion, a P/E ratio of 19.90, a P/E/G ratio of 3.12 and a beta of 0.54. The stock’s fifty day moving average is $59.94 and its two-hundred day moving average is $66.60.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Equities analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.35%. Mondelez International’s dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on MDLZ. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.76.

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.