Morningstar Investment Management LLC Sells 44,477 Shares of Mondelez International, Inc. $MDLZ

Morningstar Investment Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,157 shares of the company’s stock after selling 44,477 shares during the quarter. Morningstar Investment Management LLC’s holdings in Mondelez International were worth $6,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Mondelez International by 8.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock valued at $39,220,000 after acquiring an additional 46,182 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Mondelez International by 2,080.4% in the 3rd 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. Commerzbank Aktiengesellschaft FI increased its stake in shares of Mondelez International by 12.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 506,407 shares of the company’s stock valued at $31,635,000 after acquiring an additional 56,510 shares during the last quarter. E. Ohman J or Asset Management AB bought a new stake in shares of Mondelez International in the 4th quarter valued at about $2,629,000. Finally, Trek Financial LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $1,216,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $61.76 on Monday. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week 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. The business has a 50 day simple moving average of $58.63 and a 200 day simple moving average of $57.55. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.42 and a beta of 0.39.

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. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The business’s 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. Analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share 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. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio is 99.50%.

Analyst Ratings Changes

A number of analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Wells Fargo & Company increased their target price on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International 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.