Fisher Funds Management LTD Lowers Stake in Mondelez International, Inc. $MDLZ

Fisher Funds Management LTD cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the first quarter, HoldingsChannel reports. The firm owned 162,752 shares of the company’s stock after selling 25,982 shares during the period. Fisher Funds Management LTD’s holdings in Mondelez International were worth $9,381,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD Republic International Corp increased its holdings in shares of Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after purchasing an additional 252,700 shares during the period. VCI Wealth Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $970,000. Allstate Corp lifted its holdings in shares of Mondelez International by 107.7% during the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after purchasing an additional 50,562 shares during the period. E. Ohman J or Asset Management AB purchased a new position in Mondelez International in the 4th quarter valued at $2,629,000. Finally, Wealthfront Advisers LLC grew its position in Mondelez International by 15.3% in the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock valued at $11,672,000 after buying an additional 28,797 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. UBS Group raised their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. TD Cowen boosted their price target on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a 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 issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Down 0.0%

MDLZ stock opened at $60.10 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $60.46 and its 200 day moving average price is $58.29. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The company has a market cap 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.

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, beating 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 company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly 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. On average, research analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is currently 99.50%.

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.