Oregon Public Employees Retirement Fund Acquires 700 Shares of Mondelez International, Inc. $MDLZ

Oregon Public Employees Retirement Fund boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,876 shares of the company’s stock after purchasing an additional 700 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Mondelez International were worth $7,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Abound Financial LLC bought a new position in Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. bought a new position in shares of Mondelez International in the 1st quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $33,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.7%

MDLZ opened at $61.45 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm has a market capitalization of $79.51 billion, a PE ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company’s 50-day moving average is $62.28 and its 200 day moving average is $65.43.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 73.26%.

Wall Street Analyst Weigh In

Several research firms recently commented on MDLZ. Sanford C. Bernstein raised their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Barclays raised their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, UBS Group decreased their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.55.

Mondelez International Company Profile

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.