Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,277 shares of the company’s stock after buying an additional 17,153 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $9,633,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Czech National Bank lifted its holdings in Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. lifted its stake in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. lifted its stake in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares in the last quarter. Kennedy Investment Group purchased a new position in shares of Mondelez International in the fourth quarter worth about $313,000. Finally, Rhumbline Advisers lifted its stake in shares of Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after buying an additional 37,897 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ opened at $65.88 on Wednesday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $85.22 billion, a PE ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.54. The firm has a 50-day simple moving average of $59.15 and a two-hundred day simple moving average of $65.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.