Mondelez International, Inc. $MDLZ Shares Sold by Vestcor Inc

Vestcor Inc cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,430 shares of the company’s stock after selling 21,800 shares during the period. Vestcor Inc’s holdings in Mondelez International were worth $6,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International in the third quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new position in Mondelez International during the third quarter worth approximately $32,000. McIlrath & Eck LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $30,000. High Point Wealth Management LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $30,000. Finally, Navalign LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $62.04 on Friday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $79.64 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.43 and a beta of 0.38. The stock’s fifty day moving average is $59.64 and its two-hundred day moving average is $57.89.

Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s payout ratio is currently 99.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BTIG Research assumed coverage on Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Barclays lifted their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, UBS Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.05.

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.