Retirement Systems of Alabama boosted its stake in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,034,851 shares of the company’s stock after buying an additional 126,786 shares during the period. Retirement Systems of Alabama’s holdings in Mondelez International were worth $45,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in Mondelez International by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,554 shares of the company’s stock valued at $161,000 after buying an additional 22 shares during the period. Alpha Windward LLC raised its position in Mondelez International by 0.4% in the third quarter. Alpha Windward LLC now owns 5,937 shares of the company’s stock valued at $261,000 after buying an additional 22 shares during the period. Tarbox Group Inc. raised its position in Mondelez International by 0.9% in the third quarter. Tarbox Group Inc. now owns 2,836 shares of the company’s stock valued at $125,000 after buying an additional 25 shares during the period. K.J. Harrison & Partners Inc raised its position in Mondelez International by 0.5% in the third quarter. K.J. Harrison & Partners Inc now owns 7,237 shares of the company’s stock valued at $318,000 after buying an additional 37 shares during the period. Finally, Enterprise Financial Services Corp raised its position in Mondelez International by 1.2% in the third quarter. Enterprise Financial Services Corp now owns 4,152 shares of the company’s stock valued at $182,000 after buying an additional 48 shares during the period. 75.19% of the stock is owned by hedge funds and other institutional investors.

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

Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.30% during trading on Tuesday, hitting $42.79. 331,745 shares of the stock were exchanged. Mondelez International Inc. has a 12-month low of $35.88 and a 12-month high of $46.40. The stock has a 50 day moving average price of $43.00 and a 200-day moving average price of $43.68. The firm has a market capitalization of $66.09 billion, a PE ratio of 81.66 and a beta of 1.11.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business earned $6.40 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. Mondelez International’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. On average, equities research analysts anticipate that Mondelez International Inc. will post $1.95 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on MDLZ shares. Susquehanna reaffirmed a “buy” rating and set a $60.00 target price on shares of Mondelez International in a report on Tuesday, August 30th. Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, September 1st. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, November 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price objective on shares of Mondelez International in a research report on Thursday, November 10th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $54.00 price objective on shares of Mondelez International in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.21.

In related news, Director Lewis W. K. Booth purchased 2,500 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average price of $41.61 per share, with a total value of $104,025.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the completion of the sale, the director now directly owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

5 Day Chart for NASDAQ:MDLZ

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