Retirement Systems of Alabama raised its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 14.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,034,851 shares of the company’s stock after buying an additional 126,786 shares during the period. Retirement Systems of Alabama owned about 0.07% of Mondelez International worth $45,430,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Mondelez International by 6,669.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 508,399 shares of the company’s stock valued at $23,137,000 after buying an additional 500,889 shares during the last quarter. Waters Parkerson & CO. LLC boosted its stake in shares of Mondelez International by 1.6% in the second quarter. Waters Parkerson & CO. LLC now owns 13,438 shares of the company’s stock valued at $612,000 after buying an additional 217 shares during the last quarter. Boston Private Wealth LLC boosted its stake in shares of Mondelez International by 0.6% in the second quarter. Boston Private Wealth LLC now owns 459,937 shares of the company’s stock valued at $20,931,000 after buying an additional 2,627 shares during the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of Mondelez International by 44.5% in the second quarter. Stoneridge Investment Partners LLC now owns 269,963 shares of the company’s stock valued at $12,286,000 after buying an additional 83,154 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Mondelez International by 26.1% in the second quarter. Norinchukin Bank The now owns 241,828 shares of the company’s stock valued at $11,006,000 after buying an additional 50,059 shares during the last quarter. Institutional investors and hedge funds own 75.19% of the company’s stock.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.30% on Tuesday, hitting $42.79. The stock had a trading volume of 331,745 shares. The company’s 50 day moving average is $43.00 and its 200 day moving average is $43.68. Mondelez International Inc. has a 12-month low of $35.88 and a 12-month high of $46.40. The firm has a market cap of $66.09 billion, a PE ratio of 81.66 and a beta of 1.11.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The business earned $6.40 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts expect that Mondelez International Inc. will post $1.95 EPS for the current fiscal year.

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Several brokerages recently commented on MDLZ. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, November 22nd. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective on shares of Mondelez International in a research note on Thursday, November 10th. Susquehanna reissued a “buy” rating and set a $55.00 price objective on shares of Mondelez International in a research note on Wednesday, October 26th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Wednesday, October 26th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.21.

In other Mondelez International news, Director Lewis W. K. Booth acquired 2,500 shares of the stock in a transaction dated Friday, November 11th. The stock was acquired at an average price of $41.61 per share, with a total value of $104,025.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of Mondelez International stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total value of $167,542,000.00. Following the completion of the sale, the director now directly owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

5 Day Chart for NASDAQ:MDLZ

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