King Luther Capital Management Corp Cuts Stake in Mondelez International, Inc. $MDLZ

King Luther Capital Management Corp lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% in the 3rd quarter, Holdings Channel reports. The fund owned 316,647 shares of the company’s stock after selling 23,643 shares during the period. King Luther Capital Management Corp’s holdings in Mondelez International were worth $19,781,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Norges Bank acquired a new stake in Mondelez International during the 2nd quarter valued at $1,239,834,000. JPMorgan Chase & Co. lifted its position in shares of Mondelez International by 17.1% in the third 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 in the last quarter. First Trust Advisors LP lifted its position in shares of Mondelez International by 197.9% in the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after acquiring an additional 2,701,229 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Mondelez International by 2,080.4% during the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after acquiring an additional 2,353,841 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Mondelez International by 88.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock worth $290,862,000 after purchasing an additional 2,020,135 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 2.4%

Shares of NASDAQ MDLZ opened at $58.64 on Friday. The stock has a market capitalization of $75.17 billion, a PE ratio of 31.19, a P/E/G ratio of 2.51 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $56.89 and a 200-day moving average of $59.01. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $10.50 billion for 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 firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s dividend payout ratio is 106.38%.

Insider Buying and Selling

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MDLZ shares. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Mizuho cut their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada decreased their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Stifel Nicolaus dropped their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.06.

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.