Massachusetts Financial Services Co. MA Sells 343,402 Shares of Mondelez International, Inc. $MDLZ

Massachusetts Financial Services Co. MA reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,147,646 shares of the company’s stock after selling 343,402 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.17% of Mondelez International worth $946,273,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. AlphaStar Capital Management LLC bought a new stake in shares of Mondelez International during the second quarter worth approximately $1,336,000. Asset Management One Co. Ltd. boosted its stake in Mondelez International by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after purchasing an additional 22,194 shares during the period. GAMMA Investing LLC grew its holdings in Mondelez International by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after buying an additional 7,914 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Mondelez International by 70.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after buying an additional 193,956 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Mondelez International by 324.5% during the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after buying an additional 1,699,980 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $57.24 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a market cap of $73.86 billion, a P/E ratio of 21.44 and a beta of 0.39. The business has a fifty day simple moving average of $55.26 and a 200 day simple moving average of $60.44.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The business had revenue of $9.74 billion during the quarter, compared to the consensus estimate of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Mondelez International’s payout ratio is 74.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Mizuho cut their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein reduced their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.