Diamant Asset Management Inc. Purchases New Shares in Mondelez International, Inc. $MDLZ

Diamant Asset Management Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 258,688 shares of the company’s stock, valued at approximately $14,911,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Larry Mathis Financial Planning LLC lifted its holdings in Mondelez International by 7.2% in the 1st quarter. Larry Mathis Financial Planning LLC now owns 5,582 shares of the company’s stock worth $322,000 after buying an additional 373 shares in the last quarter. ABN AMRO Bank N.V. grew its stake in shares of Mondelez International by 3.9% during the first quarter. ABN AMRO Bank N.V. now owns 71,860 shares of the company’s stock valued at $4,166,000 after acquiring an additional 2,730 shares in the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of Mondelez International by 10.4% during the first quarter. Union Bancaire Privee UBP SA now owns 10,085 shares of the company’s stock valued at $581,000 after acquiring an additional 952 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Mondelez International by 159.6% during the first quarter. Sterling Capital Management LLC now owns 7,901 shares of the company’s stock worth $455,000 after acquiring an additional 4,858 shares during the last quarter. Finally, Cambient Family Office LLC increased its position in shares of Mondelez International by 17.5% during the first quarter. Cambient Family Office LLC now owns 7,339 shares of the company’s stock worth $427,000 after acquiring an additional 1,094 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $60.79 on Friday. The stock has a market capitalization of $78.03 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.38 and a beta of 0.38. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company’s 50-day simple moving average is $60.74 and its 200-day simple moving average is $58.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. UBS Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. BTIG Research initiated coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price for the company. Finally, Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

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.