Louisiana State Employees Retirement System Invests $8.62 Million in Mondelez International, Inc. $MDLZ

Louisiana State Employees Retirement System acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 149,500 shares of the company’s stock, valued at approximately $8,617,000.

A number of other institutional investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International during the third quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new position in Mondelez International in the fourth quarter worth approximately $25,000. Advocate Investing Services LLC bought a new position in Mondelez International in the fourth quarter worth approximately $25,000. JPL Wealth Management LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth $32,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth $28,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BTIG Research initiated coverage on Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. Bank of America lifted their target price on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Finally, Barclays raised their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $61.20 on Friday. The firm has a market cap of $78.56 billion, a PE ratio of 30.45, a PEG ratio of 2.42 and a beta of 0.38. The stock has a 50 day moving average of $60.66 and a 200 day moving average of $58.43. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.

Mondelez International Company Profile

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.