Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Mondelez International, Inc. $MDLZ

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,561 shares of the company’s stock after acquiring an additional 21,748 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mondelez International were worth $21,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Rossby Financial LCC increased its stake in shares of Mondelez International by 966.7% in the second 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 boosted its holdings in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the period. Financial Connections Group Inc. purchased a new stake in Mondelez International in the 2nd quarter worth $33,000. Saudi Central Bank bought a new stake in Mondelez International during the first quarter valued at about $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised 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 valued at $41,000 after acquiring an additional 163 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $56.86 on Friday. The business’s 50-day moving average is $60.85 and its two-hundred day moving average is $64.14. The company has a market capitalization of $73.37 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61.

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

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. Barclays cut their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Mizuho cut their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Piper Sandler lowered their target price on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.37.

Mondelez International 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.