Assetmark Inc. Buys 33,372 Shares of Mondelez International, Inc. $MDLZ

Assetmark Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,677 shares of the company’s stock after buying an additional 33,372 shares during the period. Assetmark Inc.’s holdings in Mondelez International were worth $10,645,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Mondelez International in the 4th quarter valued at approximately $1,010,020,000. Capital International Investors lifted its stake in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after buying an additional 8,382,270 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after buying an additional 3,993,811 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after buying an additional 3,803,776 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after buying an additional 2,801,689 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $60.27 on Tuesday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a market capitalization of $77.37 billion, a P/E ratio of 29.99, a P/E/G ratio of 2.40 and a beta of 0.39. The stock has a 50 day moving average of $60.94 and a two-hundred day moving average of $59.08. 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 issued its earnings results on Tuesday, April 28th. The company reported $0.67 EPS 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 analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. BTIG Research started coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price target on the stock. Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. UBS Group lifted their price target on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays boosted their target price on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.44.

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.