Illinois Municipal Retirement Fund Acquires 17,153 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Illinois Municipal Retirement Fund raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,277 shares of the company’s stock after acquiring an additional 17,153 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $9,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vaughan David Investments LLC IL grew its position in Mondelez International by 2.0% in the 4th quarter. Vaughan David Investments LLC IL now owns 556,951 shares of the company’s stock valued at $33,267,000 after acquiring an additional 10,658 shares during the last quarter. FourThought Financial Partners LLC bought a new position in Mondelez International in the 4th quarter valued at $437,000. Bank of New York Mellon Corp grew its position in Mondelez International by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock valued at $618,458,000 after acquiring an additional 326,177 shares during the last quarter. BankPlus Trust Department bought a new position in Mondelez International in the 4th quarter valued at $589,000. Finally, IFP Advisors Inc grew its position in Mondelez International by 17.8% in the 4th quarter. IFP Advisors Inc now owns 6,443 shares of the company’s stock valued at $385,000 after acquiring an additional 972 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 0.8 %

Mondelez International stock opened at $65.88 on Wednesday. The stock has a 50-day moving average of $59.15 and a two-hundred day moving average of $65.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market cap of $85.22 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed 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 2.85%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.