Illinois Municipal Retirement Fund Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Illinois Municipal Retirement Fund cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,385 shares of the company’s stock after selling 29,664 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $8,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Murphy Middleton Hinkle & Parker Inc. lifted its stake in Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC lifted its stake in Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC lifted its stake in Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after purchasing an additional 138 shares in the last quarter. Beacon Capital Management LLC lifted its stake in Mondelez International by 15.9% in the 4th quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock worth $71,000 after purchasing an additional 140 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in Mondelez International by 1.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock worth $553,000 after purchasing an additional 140 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $70.75 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market capitalization of $95.26 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.41 and a beta of 0.56. The company’s 50-day simple moving average is $70.50 and its two-hundred day simple moving average is $70.56. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. Mondelez International’s dividend payout ratio is currently 46.83%.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Barclays decreased their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

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.