Handelsbanken Fonder AB Sells 49,037 Shares of Mondelez International, Inc. $MDLZ

Handelsbanken Fonder AB reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,916 shares of the company’s stock after selling 49,037 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mondelez International were worth $31,292,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Jamison Private Wealth Management Inc. boosted its position in Mondelez International by 0.6% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after acquiring an additional 172 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of Mondelez International by 22.9% in the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. Lakeridge Wealth Management LLC grew its stake in Mondelez International by 5.7% in the second quarter. Lakeridge Wealth Management LLC now owns 3,405 shares of the company’s stock worth $230,000 after purchasing an additional 185 shares during the period. Acorn Wealth Advisors LLC grew its stake in Mondelez International by 4.8% in the third quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $259,000 after purchasing an additional 189 shares during the period. Finally, Mccarter Private Wealth Services LLC raised its holdings in Mondelez International by 3.9% in the third quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock worth $316,000 after purchasing an additional 190 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 2.7%

MDLZ stock opened at $61.58 on Friday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The business has a fifty day moving average price of $57.62 and a 200-day moving average price of $58.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market capitalization of $78.94 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.50 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same period last year, the firm posted $0.65 earnings per share. Mondelez International’s revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s payout ratio is presently 106.38%.

Insiders Place Their Bets

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. Piper Sandler boosted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. TD Cowen dropped their price objective on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Argus upgraded shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Mizuho dropped their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.06.

Mondelez International 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.