South Dakota Investment Council Sells 11,600 Shares of Mondelez International, Inc. $MDLZ

South Dakota Investment Council reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 144,627 shares of the company’s stock after selling 11,600 shares during the quarter. South Dakota Investment Council’s holdings in Mondelez International were worth $9,035,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. raised its stake in shares of Mondelez International by 0.6% during the third 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 during the last quarter. Financial Perspectives Inc grew its position in shares of Mondelez International by 22.9% in the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after buying an additional 176 shares during the last quarter. Lakeridge Wealth Management LLC raised its holdings in shares of Mondelez International by 5.7% during the second quarter. Lakeridge Wealth Management LLC now owns 3,405 shares of the company’s stock valued at $230,000 after acquiring an additional 185 shares in the last quarter. Acorn Wealth Advisors LLC boosted its holdings in Mondelez International by 4.8% in the third quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock valued at $259,000 after acquiring an additional 189 shares in the last quarter. Finally, Mccarter Private Wealth Services LLC increased its position in Mondelez International by 3.9% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Transactions at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDLZ. Mizuho reduced their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. UBS Group decreased their target price on Mondelez International from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Bank of America decreased their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 19th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Mondelez International Stock Performance

Mondelez International stock opened at $58.77 on Wednesday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $75.33 billion, a P/E ratio of 31.26, a PEG ratio of 2.52 and a beta of 0.38. The stock’s 50 day moving average is $57.84 and its 200 day moving average is $58.86.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping 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 business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st 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, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.

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.