Illinois Municipal Retirement Fund Reduces Holdings in Mondelez International, Inc. $MDLZ

Illinois Municipal Retirement Fund lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.6% in the third quarter, HoldingsChannel.com reports. The fund owned 201,585 shares of the company’s stock after selling 65,657 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $12,593,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Mondelez International by 7.8% during the second quarter. MGO One Seven LLC now owns 22,688 shares of the company’s stock valued at $1,530,000 after acquiring an additional 1,648 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Mondelez International by 19.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,024 shares of the company’s stock worth $2,564,000 after purchasing an additional 6,267 shares in the last quarter. RFG Advisory LLC raised its stake in Mondelez International by 15.7% in the 2nd quarter. RFG Advisory LLC now owns 6,403 shares of the company’s stock valued at $432,000 after purchasing an additional 867 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in Mondelez International by 46.0% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 13,378 shares of the company’s stock valued at $902,000 after purchasing an additional 4,213 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $61.86 on Friday. The business’s fifty day moving average price is $56.25 and its 200 day moving average price is $59.21. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $79.82 billion, a P/E ratio of 32.90, a PEG ratio of 2.57 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s payout ratio is 106.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Mondelez International in a report on Monday, January 26th. Mizuho cut their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. UBS Group reduced their price target on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Morgan Stanley reduced their target price on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.75.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.