Illinois Municipal Retirement Fund Trims Stock Position in Mondelez International, Inc. $MDLZ

Illinois Municipal Retirement Fund trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 21.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,785 shares of the company’s stock after selling 31,082 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mondelez International were worth $6,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MDLZ. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $27,000. J.Safra Asset Management Corp acquired a new position in Mondelez International in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new position in Mondelez International in the third quarter worth approximately $32,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Mondelez International in the fourth quarter worth approximately $28,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.7%

MDLZ opened at $61.00 on Friday. The business has a fifty day moving average price of $60.97 and a 200 day moving average price of $59.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a market capitalization of $78.30 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.41 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is 99.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MDLZ shares. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. BTIG Research assumed coverage on Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target for the company. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Barclays boosted their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, TD Cowen upped their target price on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $66.44.

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.