Mondelez International, Inc. $MDLZ Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 50.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,242 shares of the company’s stock after buying an additional 89,211 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $18,023,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Rossby Financial LCC boosted its position in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Aspect Partners LLC increased its holdings in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $33,000. Saudi Central Bank purchased a new stake in Mondelez International during the first quarter worth $36,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Stifel Nicolaus reduced their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $57.18 on Monday. The stock has a market capitalization of $73.99 billion, a P/E ratio of 21.42, a PEG ratio of 5.34 and a beta of 0.42. The business has a 50 day simple moving average of $61.31 and a two-hundred day simple moving average of $64.43. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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.