New Mexico Educational Retirement Board Sells 1,900 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

New Mexico Educational Retirement Board cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,726 shares of the company’s stock after selling 1,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Mondelez International were worth $3,806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its holdings in Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares during the last quarter. Good Life Advisors LLC lifted its holdings in Mondelez International by 44.0% during the 3rd quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock valued at $469,000 after purchasing an additional 1,946 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Mondelez International by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock valued at $1,347,000 after purchasing an additional 2,270 shares during the last quarter. Marshall Financial Group LLC lifted its holdings in Mondelez International by 3.0% during the 3rd quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock valued at $421,000 after purchasing an additional 166 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Mondelez International by 3.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 168,095 shares of the company’s stock valued at $12,384,000 after purchasing an additional 5,493 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $60.82 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $58.98 and its two-hundred day moving average price is $66.14. The stock has a market cap of $81.33 billion, a PE ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Finally, Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.