Mondelez International, Inc. $MDLZ Position Cut by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 558,565 shares of the company’s stock after selling 54,393 shares during the quarter. Mackenzie Financial Corp’s holdings in Mondelez International were worth $34,894,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International during the 2nd quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares during the period. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Mondelez International by 60.3% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after purchasing an additional 196 shares during the period. Traub Capital Management LLC bought a new stake in shares of Mondelez International during the second quarter valued at about $37,000. Finally, GGM Financials LLC bought a new stake in shares of Mondelez International during the third quarter valued at about $41,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.9%

Shares of NASDAQ MDLZ opened at $54.33 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.59 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 $69.64 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.31 and a beta of 0.38. The business has a fifty day simple moving average of $58.20 and a 200-day simple moving average of $58.64.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping 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%.Mondelez International’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s payout ratio is currently 106.38%.

Insider Activity at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MDLZ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. TD Cowen dropped their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Argus upgraded shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Finally, Bank of America lowered their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.