LGT Fund Management Co Ltd. Buys 18,580 Shares of Mondelez International, Inc. $MDLZ

LGT Fund Management Co Ltd. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 53.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,159 shares of the company’s stock after acquiring an additional 18,580 shares during the period. LGT Fund Management Co Ltd.’s holdings in Mondelez International were worth $3,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. LGT Group Foundation grew its holdings in shares of Mondelez International by 4.3% during the 3rd quarter. LGT Group Foundation now owns 703,480 shares of the company’s stock worth $44,439,000 after acquiring an additional 29,087 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Mondelez International by 7.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,384,052 shares of the company’s stock valued at $86,463,000 after purchasing an additional 91,500 shares during the period. Schroder Investment Management Group boosted its position in shares of Mondelez International by 75.4% during the third quarter. Schroder Investment Management Group now owns 732,543 shares of the company’s stock valued at $45,762,000 after purchasing an additional 314,948 shares in the last quarter. PFG Advisors boosted its position in shares of Mondelez International by 11.6% during the third quarter. PFG Advisors now owns 3,964 shares of the company’s stock valued at $248,000 after purchasing an additional 411 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Mondelez International in the third quarter worth $763,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.40 on Monday. The business’s fifty day simple moving average is $58.07 and its two-hundred day simple moving average is $58.77. 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 market cap of $74.86 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.43 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Stifel Nicolaus cut their price target on Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

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.