Mondelez International, Inc. $MDLZ Shares Sold by Associated Banc Corp

Associated Banc Corp lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.7% in the 1st quarter, Holdings Channel reports. The fund owned 421,991 shares of the company’s stock after selling 146,144 shares during the quarter. Associated Banc Corp’s holdings in Mondelez International were worth $24,324,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after buying an additional 1,646,213 shares during the last quarter. Capital International Investors raised its holdings in shares of Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. State Street Corp raised its holdings in shares of Mondelez International by 1.5% during the 4th quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after acquiring an additional 908,076 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mondelez International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after acquiring an additional 108,179 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Price Performance

MDLZ stock traded up $0.53 during midday trading on Friday, hitting $58.83. 6,428,266 shares of the stock were exchanged, compared to its average volume of 9,690,540. The stock has a market cap of $75.52 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.31 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The stock’s 50-day moving average price is $61.12 and its 200-day moving average price is $58.82. 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 (NASDAQ:MDLZ) last released its quarterly earnings results 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 net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders 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 annualized dividend and a yield of 3.4%. Mondelez International’s payout ratio is 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.