Berkshire Asset Management LLC PA Has $30.37 Million Holdings in Mondelez International, Inc. $MDLZ

Berkshire Asset Management LLC PA lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 564,106 shares of the company’s stock after selling 27,421 shares during the period. Berkshire Asset Management LLC PA’s holdings in Mondelez International were worth $30,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. Rakuten Investment Management Inc. boosted its stake in shares of Mondelez International by 1,360.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 240,518 shares of the company’s stock valued at $13,238,000 after purchasing an additional 224,047 shares in the last quarter. L2 Asset Management LLC grew its holdings in shares of Mondelez International by 6.9% during the 4th quarter. L2 Asset Management LLC now owns 6,487 shares of the company’s stock valued at $349,000 after purchasing an additional 418 shares during the last quarter. TritonPoint Partners LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $410,000. Piedmont Capital Management LLC NC acquired a new position in Mondelez International during the 4th quarter worth approximately $300,000. Finally, Sargent Investment Group LLC bought a new position in Mondelez International in the 4th quarter valued at approximately $287,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. TD Cowen boosted their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Finally, Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.15 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The firm has a market cap of $79.78 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.41 and a beta of 0.38. The firm’s fifty day moving average is $60.33 and its 200-day moving average is $58.22.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 3.06 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, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is presently 99.50%.

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.