Mondelez International, Inc. $MDLZ Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,070 shares of the company’s stock after purchasing an additional 1,200 shares during the period. State of Michigan Retirement System’s holdings in Mondelez International were worth $23,744,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Wakefield Asset Management LLLP acquired a new stake in Mondelez International in the second quarter valued at approximately $4,004,000. iA Global Asset Management Inc. grew its holdings in Mondelez International by 0.7% in the second quarter. iA Global Asset Management Inc. now owns 148,035 shares of the company’s stock valued at $9,983,000 after purchasing an additional 980 shares during the period. Strategic Financial Concepts LLC grew its holdings in Mondelez International by 9.8% in the second quarter. Strategic Financial Concepts LLC now owns 3,316 shares of the company’s stock valued at $224,000 after purchasing an additional 295 shares during the period. GHP Investment Advisors Inc. grew its holdings in Mondelez International by 8.6% in the second quarter. GHP Investment Advisors Inc. now owns 5,518 shares of the company’s stock valued at $372,000 after purchasing an additional 436 shares during the period. Finally, Plato Investment Management Ltd grew its holdings in Mondelez International by 3.0% in the second quarter. Plato Investment Management Ltd now owns 51,680 shares of the company’s stock valued at $3,473,000 after purchasing an additional 1,490 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on MDLZ shares. Bank of America dropped their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada lowered their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Mizuho lowered their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.68.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $57.46 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The business’s 50 day moving average price is $61.83 and its 200-day moving average price is $64.83. The firm has a market capitalization of $74.35 billion, a PE ratio of 21.52, a P/E/G ratio of 5.34 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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.