Retirement Systems of Alabama Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Retirement Systems of Alabama raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 889,432 shares of the company's stock after buying an additional 42,487 shares during the period. Retirement Systems of Alabama owned about 0.07% of Mondelez International worth $60,348,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Norges Bank purchased a new stake in Mondelez International during the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors increased its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new stake in Mondelez International in the fourth quarter valued at approximately $256,832,000. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International in the first quarter valued at approximately $189,930,000. Finally, Deutsche Bank AG boosted its stake in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Evercore ISI raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $70.11.

Mondelez International Price Performance

Mondelez International stock opened at $66.35 on Friday. The business's 50-day simple moving average is $66.64 and its two-hundred day simple moving average is $63.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of $85.91 billion, a PE ratio of 24.67, a PEG ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given 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 2.83%. Mondelez International's dividend payout ratio (DPR) is currently 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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