Mondelez International, Inc. $MDLZ Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 938,958 shares of the company’s stock after purchasing an additional 68,488 shares during the period. Retirement Systems of Alabama’s holdings in Mondelez International were worth $54,291,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Baird Financial Group Inc. grew its position in Mondelez International by 5.1% in the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after acquiring an additional 17,248 shares during the last quarter. First Trust Advisors LP raised its stake in Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after acquiring an additional 103,778 shares in the last quarter. Ethic Inc. raised its stake in Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after acquiring an additional 41,601 shares in the last quarter. National Pension Service lifted its holdings in shares of Mondelez International by 1.8% in the second quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after acquiring an additional 60,973 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Mondelez International by 18.0% in the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after acquiring an additional 494,996 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.6%

Shares of MDLZ stock opened at $66.44 on Tuesday. The firm has a market capitalization of $84.80 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $62.16 and its 200 day simple moving average is $60.62.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 20,899 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 392,150 shares of company stock worth $25,893,046 over the last quarter. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Mondelez International in a report on Friday, October 30th. HSBC upped their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BTIG Research increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, TD Cowen raised their target price on shares of Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.30.

About Mondelez International

Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.

The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.

Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.