BI Asset Management Fondsmaeglerselskab A S Sells 25,672 Shares of Mondelez International, Inc. $MDLZ

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,832 shares of the company’s stock after selling 25,672 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mondelez International were worth $3,705,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after buying an additional 1,646,213 shares during the period. Capital International Investors grew its position in Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after buying an additional 6,958,868 shares during the period. JPMorgan Chase & Co. grew its position in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the period. State Street Corp grew its position in Mondelez International by 1.5% during the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after buying an additional 862,720 shares during the period. Finally, Geode Capital Management LLC grew its position in Mondelez International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after buying an additional 108,179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. BTIG Research assumed coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target for the company. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. UBS Group increased their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.04 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $79.64 billion, a PE ratio of 30.87, a P/E/G ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a 50-day moving average price of $59.64 and a two-hundred day moving average price of $57.90.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 99.50%.

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.