Great Lakes Advisors LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,363,459 shares of the company’s stock after selling 23,946 shares during the period. Great Lakes Advisors LLC’s holdings in Mondelez International were worth $73,395,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. J.Safra Asset Management Corp acquired a new position in Mondelez International during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in Mondelez International during the third quarter valued at approximately $32,000. McIlrath & Eck LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, High Point Wealth Management LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MDLZ has been the subject of several research analyst reports. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. UBS Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. TD Cowen boosted their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.05.
Mondelez International Stock Performance
NASDAQ MDLZ opened at $63.36 on Friday. The firm’s fifty day moving average price is $60.04 and its two-hundred day moving average price is $58.10. The stock has a market cap of $81.33 billion, a PE ratio of 31.52, a PEG ratio of 2.51 and a beta of 0.38. 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 debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.
Mondelez International Company 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.
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