Alaska Permanent Fund Corp Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Alaska Permanent Fund Corp raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 76.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,202 shares of the company’s stock after purchasing an additional 27,370 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Mondelez International were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Mondelez International by 3.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC raised its stake in shares of Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after acquiring an additional 138 shares during the last quarter. Graypoint LLC raised its position in Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the period. Finally, Rossmore Private Capital lifted its position in shares of Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after purchasing an additional 139 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.2 %

NASDAQ MDLZ opened at $66.06 on Friday. The firm’s fifty day moving average price is $68.86 and its 200 day moving average price is $70.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market capitalization of $88.61 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.54 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.57%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.22.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.