Capital World Investors Sells 988,585 Shares of Mondelez International, Inc. $MDLZ

Capital World Investors reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,249,170 shares of the company’s stock after selling 988,585 shares during the quarter. Capital World Investors owned approximately 0.17% of Mondelez International worth $121,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MDLZ. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. High Point Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. McIlrath & Eck LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. Navalign LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $31,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at $32,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MDLZ shares. Barclays upped their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Argus raised shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. UBS Group upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company upped their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Stock Down 0.7%

Shares of NASDAQ MDLZ opened at $61.60 on Tuesday. The firm has a market cap of $79.07 billion, a PE ratio of 30.65, a P/E/G ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The company’s fifty day simple moving average is $59.72 and its 200 day simple moving average is $57.95. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is currently 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.