Arizona State Retirement System Has $26.61 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Arizona State Retirement System raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,184 shares of the company's stock after buying an additional 7,216 shares during the period. Arizona State Retirement System's holdings in Mondelez International were worth $26,610,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its stake in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after purchasing an additional 4,121 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after purchasing an additional 208,181 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler lifted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Morgan Stanley lifted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $67.18 on Friday. The firm has a market cap of $86.99 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 5.20 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The company's 50-day moving average price is $66.99 and its two-hundred day moving average price is $64.25.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International's payout ratio is 69.89%.

Mondelez International Company 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.

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