New York State Teachers Retirement System Has $100.48 Million Stake in Mondelez International, Inc. (MDLZ)

New York State Teachers Retirement System lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,471,142 shares of the company’s stock after selling 58,861 shares during the period. New York State Teachers Retirement System owned about 0.16% of Mondelez International worth $100,477,000 at the end of the most recent reporting period.

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

Mondelez International, Inc. (NASDAQ:MDLZ) opened at $43.11 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The firm has a market cap of $64,139.13, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Mondelez International, Inc. has a 1 year low of $39.19 and a 1 year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. sell-side analysts expect that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

A number of analysts recently issued reports on MDLZ shares. UBS restated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. BMO Capital Markets restated a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. Buckingham Research decreased their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. J P Morgan Chase & Co raised their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley decreased their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $49.40.

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About Mondelez International

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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