Danske Bank A S Takes $38.93 Million Position in Mondelez International, Inc. $MDLZ

Danske Bank A S bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, HoldingsChannel.com reports. The firm bought 623,123 shares of the company’s stock, valued at approximately $38,926,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. raised its position in Mondelez International by 0.6% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after purchasing an additional 172 shares in the last quarter. Financial Perspectives Inc boosted its stake in shares of Mondelez International by 22.9% in the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock valued at $59,000 after buying an additional 176 shares during the period. Acorn Wealth Advisors LLC grew its position in shares of Mondelez International by 4.8% during the third quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $259,000 after buying an additional 189 shares in the last quarter. Mccarter Private Wealth Services LLC increased its stake in shares of Mondelez International by 3.9% during the third quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock worth $316,000 after buying an additional 190 shares during the period. Finally, 1620 Investment Advisors Inc. increased its stake in shares of Mondelez International by 1.6% during the third quarter. 1620 Investment Advisors Inc. now owns 12,232 shares of the company’s stock worth $764,000 after buying an additional 191 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Argus raised shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Morgan Stanley raised their price objective on shares of Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday. Bank of America decreased their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Finally, UBS Group lowered their target price on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.44.

Mondelez International Trading Down 2.5%

NASDAQ MDLZ opened at $56.47 on Thursday. The firm’s fifty day moving average is $58.50 and its two-hundred day moving average is $58.47. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The firm has a market cap of $72.39 billion, a PE ratio of 30.04, a P/E/G ratio of 2.42 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The business had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $10.32 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders 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 dividend yield of 3.5%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

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.