Rafferty Asset Management LLC Boosts Stock Position in Mondelez International, Inc. $MDLZ

Rafferty Asset Management LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,443 shares of the company’s stock after acquiring an additional 20,293 shares during the quarter. Rafferty Asset Management LLC’s holdings in Mondelez International were worth $18,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC purchased a new position in shares of Mondelez International in the second quarter valued at about $1,336,000. Asset Management One Co. Ltd. grew its position in shares of Mondelez International by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after purchasing an additional 22,194 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Mondelez International by 70.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Mondelez International by 32.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock worth $9,240,000 after purchasing an additional 36,037 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Mondelez International by 8.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after purchasing an additional 46,182 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group dropped their target price on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley reduced their price target on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Stock Up 2.7%

Shares of NASDAQ:MDLZ opened at $61.58 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a 50-day moving average price of $57.62 and a 200 day moving average price of $58.91. The company has a market cap of $78.94 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.57 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s payout ratio is currently 106.38%.

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.