Alaska Permanent Fund Corp Buys 21,004 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Alaska Permanent Fund Corp raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 141.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,832 shares of the company's stock after buying an additional 21,004 shares during the quarter. Alaska Permanent Fund Corp's holdings in Mondelez International were worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Northern Trust Corp grew its position in shares of Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company's stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the period. Bank of New York Mellon Corp grew its position in shares of Mondelez International by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company's stock valued at $823,972,000 after purchasing an additional 65,976 shares during the period. Invesco Ltd. grew its position in shares of Mondelez International by 9.2% in the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company's stock valued at $535,893,000 after purchasing an additional 648,270 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Mondelez International by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company's stock valued at $504,645,000 after purchasing an additional 69,381 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Mondelez International by 7.8% in the 4th quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company's stock valued at $451,621,000 after purchasing an additional 450,459 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.51 during trading hours on Thursday, hitting $70.80. The company's stock had a trading volume of 10,647,722 shares, compared to its average volume of 7,919,617. The stock has a fifty day simple moving average of $70.48 and a 200-day simple moving average of $70.57. The company has a market capitalization of $95.33 billion, a P/E ratio of 19.50, a PEG ratio of 2.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.40%. Mondelez International's dividend payout ratio is presently 46.83%.

Analyst Ratings Changes

Several research firms have commented on MDLZ. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their target price on Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Finally, Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.89.

About Mondelez International

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.