Associated Banc Corp cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,135 shares of the company’s stock after selling 17,694 shares during the period. Associated Banc Corp’s holdings in Mondelez International were worth $30,583,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Leo Wealth LLC boosted its holdings in shares of Mondelez International by 2.4% during the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock worth $403,000 after buying an additional 176 shares during the period. Columbia Asset Management boosted its holdings in shares of Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after buying an additional 180 shares during the period. West Paces Advisors Inc. boosted its holdings in shares of Mondelez International by 1.1% during the 4th quarter. West Paces Advisors Inc. now owns 16,452 shares of the company’s stock worth $886,000 after buying an additional 186 shares during the period. Acorn Wealth Advisors LLC boosted its holdings in shares of Mondelez International by 4.8% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $259,000 after buying an additional 189 shares during the period. Finally, Nicolet Advisory Services LLC boosted its holdings in shares of Mondelez International by 1.1% during the 3rd quarter. Nicolet Advisory Services LLC now owns 18,711 shares of the company’s stock worth $1,171,000 after buying an additional 197 shares during the period. 78.32% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on MDLZ shares. Piper Sandler boosted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Wells Fargo & Company boosted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.
Mondelez International Trading Up 0.4%
Shares of Mondelez International stock opened at $61.76 on Friday. The firm has a market capitalization of $79.28 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $58.63 and its 200 day moving average is $57.55. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 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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