Mondelez International, Inc. $MDLZ Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,585 shares of the company’s stock after selling 65,657 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $12,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Soundwatch Capital LLC purchased a new position in Mondelez International during the 2nd quarter worth $27,000. Rossby Financial LCC boosted its stake in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares during the last quarter. Aspect Partners LLC grew its holdings in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its position in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho cut their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Piper Sandler lifted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.86 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a 50-day simple moving average of $56.25 and a 200-day simple moving average of $59.21. The company has a market capitalization of $79.82 billion, a PE ratio of 32.90, a P/E/G ratio of 2.57 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s payout ratio is presently 106.38%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.