Maryland State Retirement & Pension System Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Maryland State Retirement & Pension System raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,870 shares of the company’s stock after acquiring an additional 1,127 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Mondelez International were worth $7,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Brown Advisory Inc. boosted its position in Mondelez International by 1.1% in the 3rd quarter. Brown Advisory Inc. now owns 199,365 shares of the company’s stock valued at $13,836,000 after buying an additional 2,076 shares during the period. Lindbrook Capital LLC increased its stake in shares of Mondelez International by 19.9% during the third quarter. Lindbrook Capital LLC now owns 8,011 shares of the company’s stock worth $556,000 after buying an additional 1,328 shares during the period. Verdence Capital Advisors LLC raised its holdings in Mondelez International by 2.8% in the third quarter. Verdence Capital Advisors LLC now owns 15,389 shares of the company’s stock valued at $1,068,000 after acquiring an additional 420 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mondelez International by 11.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,042 shares of the company’s stock worth $38,034,000 after acquiring an additional 56,704 shares during the last quarter. Finally, Sky Investment Group LLC lifted its stake in Mondelez International by 12.8% in the third quarter. Sky Investment Group LLC now owns 30,124 shares of the company’s stock worth $2,091,000 after acquiring an additional 3,410 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock traded up $0.04 during mid-day trading on Monday, hitting $69.93. 5,653,369 shares of the company’s stock traded hands, compared to its average volume of 7,963,141. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54. The firm has a 50 day moving average price of $70.14 and a 200 day moving average price of $71.05. The company has a market cap of $94.16 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDLZ. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein upped their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

About Mondelez International

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.