Kennon Green & Company LLC Buys 20,316 Shares of Mondelez International, Inc. $MDLZ

Kennon Green & Company LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,653 shares of the company’s stock after acquiring an additional 20,316 shares during the period. Mondelez International comprises about 3.9% of Kennon Green & Company LLC’s portfolio, making the stock its 10th largest position. Kennon Green & Company LLC’s holdings in Mondelez International were worth $4,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in shares of Mondelez International by 12.0% during the fourth quarter. CIBC Asset Management Inc now owns 1,129,330 shares of the company’s stock worth $60,736,000 after acquiring an additional 120,820 shares during the period. Marble Wealth LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $937,000. Mccarter Private Wealth Services LLC raised its holdings in shares of Mondelez International by 54.7% during the fourth quarter. Mccarter Private Wealth Services LLC now owns 7,819 shares of the company’s stock worth $421,000 after acquiring an additional 2,765 shares during the period. Dover Advisors LLC raised its holdings in shares of Mondelez International by 6.5% during the fourth quarter. Dover Advisors LLC now owns 16,357 shares of the company’s stock worth $888,000 after acquiring an additional 1,003 shares during the period. Finally, Westpac Banking Corp raised its holdings in shares of Mondelez International by 9.3% during the fourth quarter. Westpac Banking Corp now owns 12,192 shares of the company’s stock worth $656,000 after acquiring an additional 1,039 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given 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 $67.05.

Mondelez International Stock Up 0.4%

Shares of MDLZ stock opened at $61.31 on Thursday. 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, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The firm’s fifty day moving average price is $59.47 and its two-hundred day moving average price is $57.83. The firm has a market capitalization of $78.70 billion, a P/E ratio of 30.50, a PEG ratio of 2.39 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm posted $0.76 EPS. 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. On average, equities analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

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.