State Board of Administration of Florida Retirement System trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,182,594 shares of the company’s stock after selling 30,890 shares during the period. State Board of Administration of Florida Retirement System owned 0.14% of Mondelez International worth $88,744,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the period. Acrospire Investment Management LLC grew its stake in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. grew its stake in shares of Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after acquiring an additional 311 shares during the last quarter. 75.86% of the stock is currently owned by institutional investors.

Shares of Mondelez International, Inc. (MDLZ) opened at $43.33 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The company has a market capitalization of $64,570.00, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.78 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm posted $0.52 earnings per share. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. research analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

In related news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

A number of equities research analysts have recently commented on the company. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday. UBS reissued a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. Finally, Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.40.

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Mondelez International Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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