Teachers Retirement System of The State of Kentucky Sells 3,239 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Teachers Retirement System of The State of Kentucky cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 351,896 shares of the company’s stock after selling 3,239 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mondelez International were worth $23,029,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Cadence Bank increased its position in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after acquiring an additional 148 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC lifted its stake in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in Mondelez International by 2.4% during the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after acquiring an additional 150 shares during the last quarter. Finally, Searle & CO. raised its holdings in shares of Mondelez International by 1.2% in the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock valued at $862,000 after purchasing an additional 152 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Stifel Nicolaus dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $73.67 on Tuesday. The stock has a market cap of $98.82 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 3.02 and a beta of 0.54. The stock’s 50-day moving average is $71.61 and its 200 day moving average is $69.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.55%. Mondelez International’s dividend payout ratio is presently 59.68%.

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.