Utah Retirement Systems Raises Position in Mondelez International Inc (MDLZ)

Utah Retirement Systems boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,423 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Utah Retirement Systems’ holdings in Mondelez International were worth $11,575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quad Cities Investment Group LLC acquired a new stake in Mondelez International during the 2nd quarter valued at approximately $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $129,000. BKS Advisors LLC acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $141,000. TRUE Private Wealth Advisors acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $167,000. Finally, Sun Life Financial INC increased its position in Mondelez International by 1,312.4% during the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after purchasing an additional 3,714 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

In related news, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Shares of MDLZ stock opened at $44.07 on Thursday. The company has a market cap of $64.65 billion, a PE ratio of 20.59, a P/E/G ratio of 2.03 and a beta of 0.77. Mondelez International Inc has a 52 week low of $37.42 and a 52 week high of $46.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, sell-side analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Tuesday, October 30th. UBS Group set a $51.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Monday, September 10th. Credit Suisse Group set a $48.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Morgan Stanley initiated coverage on shares of Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $49.17.

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About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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