NJ State Employees Deferred Compensation Plan Has $1.40 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NJ State Employees Deferred Compensation Plan reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,487 shares of the company’s stock after selling 12,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Mondelez International were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $26,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MDLZ shares. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Up 2.4 %

Shares of NASDAQ:MDLZ opened at $65.78 on Tuesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company’s 50-day moving average price is $59.54 and its two-hundred day moving average price is $65.64. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $85.09 billion, a P/E ratio of 19.23, a P/E/G ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

About Mondelez International

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.