Auto Owners Insurance Co Purchases 559,998 Shares of Mondelez International, Inc. $MDLZ

Auto Owners Insurance Co boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5,283.0% during the fourth quarter, Holdings Channel reports. The firm owned 570,598 shares of the company’s stock after acquiring an additional 559,998 shares during the quarter. Auto Owners Insurance Co’s holdings in Mondelez International were worth $30,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Leo Wealth LLC lifted its holdings in Mondelez International by 2.4% in the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock worth $403,000 after buying an additional 176 shares during the period. Columbia Asset Management lifted its stake in Mondelez International by 1.3% in the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after acquiring an additional 180 shares during the period. Commonwealth Retirement Investments LLC lifted its stake in Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock worth $1,108,000 after acquiring an additional 180 shares during the period. West Paces Advisors Inc. boosted its holdings in Mondelez International by 1.1% in the fourth quarter. West Paces Advisors Inc. now owns 16,452 shares of the company’s stock valued at $886,000 after acquiring an additional 186 shares in the last quarter. Finally, Everett Harris & Co. CA raised its holdings in Mondelez International by 2.3% in the 4th quarter. Everett Harris & Co. CA now owns 8,507 shares of the company’s stock worth $458,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.0%

MDLZ stock opened at $60.10 on Friday. The stock has a market capitalization of $77.15 billion, a P/E ratio of 29.90, a P/E/G ratio of 2.35 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The business has a fifty day moving average price of $60.46 and a 200-day moving average price of $58.27.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm posted $0.76 earnings per share. Mondelez International’s revenue was up 8.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Barclays increased their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America lifted their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.05.

About Mondelez International

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.