Gabelli Funds LLC Sells 11,500 Shares of Mondelez International, Inc. $MDLZ

Gabelli Funds LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 696,650 shares of the company’s stock after selling 11,500 shares during the quarter. Gabelli Funds LLC’s holdings in Mondelez International were worth $43,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Soundwatch Capital LLC acquired a new position in shares of Mondelez International in the 2nd quarter valued at $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares during the period. Aspect Partners LLC increased its holdings in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its holdings in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after purchasing an additional 196 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new position in Mondelez International in the second quarter valued at about $37,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDLZ. Bank of America decreased their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Wells Fargo & Company increased their price target on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. DA Davidson reissued a “neutral” rating and set a $62.00 price objective on shares of Mondelez International in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein lowered their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.06.

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction on Friday, February 13th. The shares were 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 owned 99,596 shares of the company’s stock, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Mondelez International Trading Up 0.4%

NASDAQ MDLZ opened at $58.40 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a market cap of $74.86 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.42 and a beta of 0.38. The stock’s 50-day moving average is $58.07 and its 200-day moving average is $58.83.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $10.32 billion. During the same period in the previous year, the firm earned $0.65 EPS. Mondelez International’s quarterly revenue 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. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio is 106.38%.

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.