Teacher Retirement System of Texas Raises Position in Mondelez International, Inc. $MDLZ

Teacher Retirement System of Texas boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,473 shares of the company’s stock after buying an additional 24,298 shares during the period. Teacher Retirement System of Texas’ holdings in Mondelez International were worth $18,083,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MDLZ. Soundwatch Capital LLC acquired a new stake in shares of Mondelez International in the second quarter worth approximately $27,000. Rossby Financial LCC lifted its holdings in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Aspect Partners LLC boosted its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the second quarter valued at about $33,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 1.4%

Shares of MDLZ stock opened at $58.40 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company has a 50 day moving average price of $55.34 and a 200 day moving average price of $60.05. The stock has a market capitalization of $75.36 billion, a P/E ratio of 21.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The business had revenue of $9.74 billion for the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Royal Bank Of Canada lowered their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday. DA Davidson reduced their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International 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.