Illinois Municipal Retirement Fund grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,031 shares of the company's stock after buying an additional 16,754 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Mondelez International were worth $12,079,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Transcend Capital Advisors LLC grew its position in shares of Mondelez International by 8.9% in the 1st quarter. Transcend Capital Advisors LLC now owns 24,383 shares of the company's stock worth $1,654,000 after buying an additional 1,985 shares during the last quarter. Wolff Financial Management LLC purchased a new stake in Mondelez International during the first quarter valued at approximately $201,000. PDS Planning Inc lifted its position in Mondelez International by 22.6% during the first quarter. PDS Planning Inc now owns 6,516 shares of the company's stock valued at $442,000 after acquiring an additional 1,201 shares during the last quarter. Sabal Trust CO purchased a new stake in Mondelez International during the first quarter valued at approximately $28,465,000. Finally, Value Partners Investments Inc. acquired a new stake in Mondelez International in the first quarter valued at approximately $4,344,000. Institutional investors own 78.32% of the company's stock.
Mondelez International Stock Performance
NASDAQ MDLZ traded up $0.03 on Friday, hitting $67.78. 9,105,219 shares of the company's stock traded hands, compared to its average volume of 8,071,915. The firm's 50-day moving average price is $66.73 and its two-hundred day moving average price is $63.74. The firm has a market capitalization of $87.76 billion, a PE ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current 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 paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. Mondelez International's payout ratio is 69.89%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.
Read Our Latest Report on Mondelez International
About Mondelez International
(
Free Report)
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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