Mondelez International, Inc. $MDLZ Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 196,992 shares of the company’s stock after acquiring an additional 1,730 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Mondelez International were worth $13,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in shares of Mondelez International during the 1st quarter worth about $866,843,000. Goldman Sachs Group Inc. lifted its stake in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the period. Natixis Advisors LLC lifted its stake in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after acquiring an additional 1,775,570 shares during the period. Finally, National Pension Service boosted its holdings in shares of Mondelez International by 32.1% in the second quarter. National Pension Service now owns 4,106,551 shares of the company’s stock valued at $276,946,000 after acquiring an additional 998,953 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. UBS Group dropped their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Royal Bank Of Canada decreased their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Evercore ISI dropped their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $56.97 on Friday. The stock’s fifty day simple moving average is $60.94 and its 200 day simple moving average is $64.20. The stock has a market capitalization of $73.51 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 5.34 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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.