Logan Capital Management Inc. cut its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 15.7% during the 4th quarter, HoldingsChannel reports. The firm owned 182,143 shares of the company’s stock after selling 34,028 shares during the quarter. Logan Capital Management Inc.’s holdings in Mondelez International were worth $9,805,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,010,020,000. JPMorgan Chase & Co. increased its position in Mondelez International by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares during the period. Capital International Investors raised its stake in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. Van ECK Associates Corp raised its stake in Mondelez International by 103.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after acquiring an additional 2,637,287 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Mondelez International by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after purchasing an additional 1,849,482 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Barclays boosted their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Bank of America raised their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.
Mondelez International Price Performance
NASDAQ:MDLZ opened at $63.36 on Friday. The business’s 50-day moving average price is $60.04 and its 200 day moving average price is $58.10. The firm has a market cap of $81.33 billion, a P/E ratio of 31.52, a PEG ratio of 2.51 and a beta of 0.38. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. Mondelez International’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.
Mondelez International Announces Dividend
The firm 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. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is 99.50%.
About Mondelez International
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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