Dearborn Partners LLC Sells 35,982 Shares of Mondelez International, Inc. $MDLZ

Dearborn Partners LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.4% during the fourth quarter, HoldingsChannel reports. The firm owned 255,022 shares of the company’s stock after selling 35,982 shares during the period. Dearborn Partners LLC’s holdings in Mondelez International were worth $13,728,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Nemes Rush Group LLC grew its holdings in shares of Mondelez International by 62.8% in the fourth quarter. Nemes Rush Group LLC now owns 1,148 shares of the company’s stock worth $62,000 after purchasing an additional 443 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Mondelez International by 24.3% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 37,425 shares of the company’s stock worth $2,015,000 after purchasing an additional 7,315 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of Mondelez International by 21.2% in the fourth quarter. MCF Advisors LLC now owns 3,105 shares of the company’s stock worth $168,000 after purchasing an additional 543 shares during the last quarter. OneAscent Financial Services LLC grew its holdings in shares of Mondelez International by 18.5% in the fourth quarter. OneAscent Financial Services LLC now owns 4,635 shares of the company’s stock worth $250,000 after purchasing an additional 724 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $548,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $62.04 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm’s 50 day moving average price is $59.64 and its 200-day moving average price is $57.89. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a market cap of $79.64 billion, a PE ratio of 30.87, a P/E/G ratio of 2.43 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. 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 (DPR) is currently 99.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Wells Fargo & Company upped their price target on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Rothschild & Co Redburn restated a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Finally, TD Cowen upped their price target on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

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.