King Luther Capital Management Corp lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 290,523 shares of the company’s stock after selling 26,124 shares during the period. King Luther Capital Management Corp’s holdings in Mondelez International were worth $15,639,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International during the 3rd quarter worth $27,000. JPL Wealth Management LLC bought a new stake in Mondelez International during the 3rd quarter worth $32,000. McIlrath & Eck LLC bought a new stake in Mondelez International during the 4th quarter worth $30,000. High Point Wealth Management LLC bought a new stake in Mondelez International during the 4th quarter worth $30,000. Finally, Navalign LLC bought a new stake in Mondelez International during the 4th quarter worth $31,000. Institutional investors own 78.32% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Sanford C. Bernstein reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Finally, Piper Sandler boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.05.
Mondelez International Trading Up 1.6%
NASDAQ MDLZ opened at $62.25 on Thursday. The business’s 50-day moving average price is $59.01 and its two-hundred day moving average price is $57.67. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The firm has a market capitalization of $79.91 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.40 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.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’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. On average, analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s payout ratio is 99.50%.
Mondelez International 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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