Evelyn Partners Investment Management LLP lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 16.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 101,974 shares of the company’s stock after selling 20,080 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Mondelez International were worth $5,489,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. OLD Republic International Corp raised its stake in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after buying an additional 252,700 shares in the last quarter. VCI Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth $970,000. E. Ohman J or Asset Management AB bought a new stake in shares of Mondelez International during the 4th quarter worth $2,629,000. Wealthfront Advisers LLC boosted its stake in shares of Mondelez International by 15.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after acquiring an additional 28,797 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co boosted its stake in shares of Mondelez International by 115.0% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock worth $5,440,000 after acquiring an additional 54,066 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on MDLZ shares. Barclays raised their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America raised their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, UBS Group raised their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.05.
Mondelez International Price Performance
MDLZ opened at $62.99 on Friday. The stock has a fifty day moving average of $60.16 and a 200-day moving average of $58.13. The firm has a market capitalization of $80.86 billion, a P/E ratio of 31.34, a PEG ratio of 2.47 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month 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 released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) 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 analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend 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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