Cullinan Associates Inc. Has $1.74 Million Stake in Mondelez International, Inc. $MDLZ

Cullinan Associates Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,097 shares of the company’s stock after selling 13,590 shares during the period. Cullinan Associates Inc.’s holdings in Mondelez International were worth $1,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of Mondelez International by 136.5% in the 1st quarter. Fifth Third Bancorp now owns 707,952 shares of the company’s stock valued at $40,806,000 after buying an additional 408,650 shares during the last quarter. Simplicity Wealth LLC grew its holdings in Mondelez International by 16.0% during the first quarter. Simplicity Wealth LLC now owns 10,792 shares of the company’s stock worth $622,000 after purchasing an additional 1,489 shares during the period. Conning Inc. increased its position in Mondelez International by 0.7% during the first quarter. Conning Inc. now owns 627,416 shares of the company’s stock worth $36,164,000 after buying an additional 4,216 shares during the last quarter. DMC Group LLC acquired a new position in Mondelez International during the first quarter worth approximately $207,000. Finally, Whipplewood Advisors LLC raised its stake in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.53 during trading on Friday, reaching $58.83. The company’s stock had a trading volume of 6,428,266 shares, compared to its average volume of 9,690,540. The firm has a 50 day moving average price of $61.12 and a 200 day moving average price of $58.82. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The firm has a market capitalization of $75.52 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’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. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 99.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on MDLZ. Bank of America boosted their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. TD Cowen raised their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.