Employees Retirement System of Texas Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Employees Retirement System of Texas raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,018,700 shares of the company’s stock after acquiring an additional 154,700 shares during the period. Employees Retirement System of Texas owned approximately 0.08% of Mondelez International worth $66,664,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Steward Partners Investment Advisory LLC raised its holdings in Mondelez International by 7.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 119,306 shares of the company’s stock valued at $8,641,000 after buying an additional 8,472 shares during the period. Stifel Financial Corp increased its position in shares of Mondelez International by 0.4% in the fourth quarter. Stifel Financial Corp now owns 983,267 shares of the company’s stock worth $71,219,000 after acquiring an additional 3,452 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of Mondelez International in the 4th quarter valued at $278,000. J. W. Coons Advisors LLC raised its stake in shares of Mondelez International by 7.6% in the 4th quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock valued at $260,000 after acquiring an additional 253 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Mondelez International during the 4th quarter valued at $443,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $74.06 on Thursday. The stock has a market capitalization of $98.93 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company’s 50-day simple moving average is $71.03 and its 200-day simple moving average is $69.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the business posted $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.54%. Mondelez International’s payout ratio is presently 53.97%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America cut their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Piper Sandler reduced their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $78.29.

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.