State Board of Administration of Florida Retirement System Sells 35,760 Shares of Mondelez International Inc (MDLZ)

State Board of Administration of Florida Retirement System Sells 35,760 Shares of Mondelez International Inc (MDLZ)

State Board of Administration of Florida Retirement System trimmed its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.7% during the 1st quarter, HoldingsChannel reports. The fund owned 2,033,421 shares of the company’s stock after selling 35,760 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Mondelez International were worth $101,508,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Canton Hathaway LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $32,000. Exane Derivatives bought a new stake in shares of Mondelez International in the 4th quarter valued at about $33,000. Northwest Wealth Management LLC boosted its holdings in shares of Mondelez International by 355.4% in the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after buying an additional 654 shares in the last quarter. Sontag Advisory LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $34,000. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Mondelez International by 101.4% in the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after buying an additional 357 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

In other Mondelez International news, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,842 shares of company stock valued at $3,559,277 over the last three months. 1.50% of the stock is currently owned by insiders.

Shares of Mondelez International stock opened at $51.62 on Thursday. The company has a market capitalization of $74.30 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.70 and a beta of 0.89. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $52.57.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. Mondelez International’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Analysts expect that Mondelez International Inc will post 2.49 EPS for the current fiscal year.

MDLZ has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on shares of Mondelez International in a report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price target on the stock. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Thursday, January 24th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mondelez International in a research report on Monday, January 28th. Finally, Barclays reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $49.67.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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