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

Kentucky Retirement Systems reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,059 shares of the company’s stock after selling 8,021 shares during the period. Kentucky Retirement Systems’ holdings in Mondelez International were worth $6,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. grew its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of 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 capitalization of $86.24 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.98 and a beta of 0.55. The company has a 50-day simple moving average of $71.11 and a 200-day simple moving average of $69.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Bank of America lifted their price target on 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 objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. DA Davidson decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

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.