Cullinan Associates Inc. Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

Cullinan Associates Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,587 shares of the company’s stock after selling 800 shares during the quarter. Cullinan Associates Inc.’s holdings in Mondelez International were worth $3,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new position in Mondelez International during the 1st quarter valued at $31,000. Finally, Saudi Central Bank purchased a new position in Mondelez International during the 1st quarter valued at $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.67 on Monday. The firm’s 50 day moving average price is $62.78 and its 200-day moving average price is $65.57. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $81.09 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Mondelez International 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.