Illinois Municipal Retirement Fund Has $9.42 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Illinois Municipal Retirement Fund boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 134,528 shares of the company’s stock after buying an additional 16,143 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $9,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. DekaBank Deutsche Girozentrale increased its holdings in Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in shares of Mondelez International during the fourth quarter worth about $1,650,000. SageView Advisory Group LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $907,000. AGF Management Ltd. raised its position in Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after buying an additional 429,936 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its stake in Mondelez International by 4.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.04 during trading on Friday, reaching $65.36. The company’s stock had a trading volume of 8,426,579 shares, compared to its average volume of 6,214,321. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $67.91 and its 200-day moving average price is $70.44. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The firm has a market cap of $87.67 billion, a PE ratio of 20.75, a P/E/G ratio of 2.62 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.60%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Evercore ISI lowered their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Sanford C. Bernstein increased their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Bank of America dropped their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup cut their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.33.

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.