Mondelez International, Inc. $MDLZ Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 386,961 shares of the company’s stock after selling 14,211 shares during the period. DNB Asset Management AS’s holdings in Mondelez International were worth $24,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MDLZ. JPMorgan Chase & Co. lifted its holdings in shares of Mondelez International by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the period. State Street Corp raised its position in Mondelez International by 1.1% in the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after acquiring an additional 670,634 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after acquiring an additional 242,695 shares during the last quarter. Norges Bank acquired a new stake in Mondelez International in the 2nd quarter valued at about $1,239,834,000. Finally, Invesco Ltd. boosted its position in shares of Mondelez International by 10.7% during the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after purchasing an additional 1,345,078 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 2.7%

Shares of NASDAQ:MDLZ opened at $61.58 on Friday. The firm has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $58.93. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The company has a market cap of $78.94 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on MDLZ. Wells Fargo & Company boosted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Mizuho decreased 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. Sanford C. Bernstein dropped their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Bank of America reduced their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. decreased their target price on Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.06.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.