Teacher Retirement System of Texas boosted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 51.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 768,858 shares of the company’s stock after purchasing an additional 261,560 shares during the period. Teacher Retirement System of Texas’ holdings in Mondelez International were worth $41,441,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Mondelez International by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock worth $246,000 after acquiring an additional 187 shares during the last quarter. Northstar Asset Management LLC raised its stake in shares of Mondelez International by 0.5% in the second quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock worth $1,992,000 after acquiring an additional 200 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of Mondelez International by 1.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 15,657 shares of the company’s stock worth $844,000 after acquiring an additional 200 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Mondelez International by 2.4% in the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after acquiring an additional 207 shares during the last quarter. Finally, Rockland Trust Co. raised its stake in shares of Mondelez International by 3.5% in the second quarter. Rockland Trust Co. now owns 6,151 shares of the company’s stock worth $332,000 after acquiring an additional 209 shares during the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on MDLZ. Piper Jaffray Companies set a $62.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Evercore ISI began coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target for the company. Morgan Stanley upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Wednesday, August 7th. Finally, Wells Fargo & Co lifted their price target on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.50.

Shares of NASDAQ:MDLZ traded up $0.17 during trading on Wednesday, hitting $54.17. 1,670,276 shares of the company’s stock were exchanged, compared to its average volume of 6,470,297. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $55.85. The firm has a 50-day moving average price of $54.57 and a two-hundred day moving average price of $51.35. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $78.65 billion, a P/E ratio of 22.29, a PEG ratio of 2.86 and a beta of 0.82.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the company earned $0.56 EPS. Mondelez International’s revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Mondelez International Inc will post 2.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a yield of 2.10%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s payout ratio is currently 42.80%.

In related news, EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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

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