Illinois Municipal Retirement Fund Acquires 89,211 Shares of Mondelez International, Inc. $MDLZ

Illinois Municipal Retirement Fund raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 50.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Rossby Financial LCC grew its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC raised its position 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 buying an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Mondelez International during the second quarter worth approximately $33,000. Saudi Central Bank bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake 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 during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.18 on Monday. The company has a 50 day moving average price of $61.31 and a 200 day moving average price of $64.43. The firm 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 company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

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

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wells Fargo & Company dropped their price objective on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Morgan Stanley dropped their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Finally, Evercore ISI dropped their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $68.68.

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.