Mondelez International, Inc. $MDLZ Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 8,148,795 shares of the company’s stock after selling 83,303 shares during the period. Legal & General Group Plc’s holdings in Mondelez International were worth $438,650,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. OLD Republic International Corp raised its stake in Mondelez International by 156.6% during the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the period. Jones Financial Companies Lllp raised its stake in Mondelez International by 8.0% during the third 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 during the period. Federated Hermes Inc. raised its stake in Mondelez International by 2,080.4% during the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock worth $154,112,000 after purchasing an additional 2,353,841 shares during the period. E. Ohman J or Asset Management AB purchased a new position in Mondelez International during the fourth quarter worth about $2,629,000. Finally, VCI Wealth Management LLC purchased a new position in Mondelez International during the fourth quarter worth about $970,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen lifted their target price on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BTIG Research assumed coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Piper Sandler lifted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Price Performance

Mondelez International stock opened at $61.76 on Tuesday. The company’s 50 day simple moving average is $58.78 and its 200-day simple moving average is $57.59. The company has a market capitalization of $79.28 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 business had revenue of $10.08 billion for 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%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid 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 of this dividend is Tuesday, June 30th. 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.