Cerity Partners LLC Trims Stake in Mondelez International, Inc. $MDLZ

Cerity Partners LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 899,935 shares of the company’s stock after selling 35,610 shares during the period. Cerity Partners LLC’s holdings in Mondelez International were worth $48,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Norges Bank purchased a new stake in Mondelez International during the 4th quarter valued at approximately $1,010,020,000. JPMorgan Chase & Co. raised its stake in Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares during the last quarter. Capital International Investors raised its stake in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the last quarter. Van ECK Associates Corp raised its stake in Mondelez International by 103.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after acquiring an additional 2,637,287 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Mondelez International by 63.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock valued at $297,694,000 after acquiring an additional 1,849,482 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MDLZ. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Sanford C. Bernstein dropped their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Performance

MDLZ opened at $64.18 on Thursday. The stock has a market cap of $82.38 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.46 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $59.93 and its 200 day simple moving average is $58.05. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations 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 was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors 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 3.1%. Mondelez International’s dividend payout ratio is currently 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.