Swiss National Bank Sells 189,300 Shares of Mondelez International, Inc. $MDLZ

Swiss National Bank lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 3,732,424 shares of the company’s stock after selling 189,300 shares during the quarter. Swiss National Bank’s holdings in Mondelez International were worth $233,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. boosted its stake in shares of Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares during the period. Financial Perspectives Inc grew its position in Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after buying an additional 176 shares in the last quarter. Lakeridge Wealth Management LLC increased its stake in Mondelez International by 5.7% during the 2nd quarter. Lakeridge Wealth Management LLC now owns 3,405 shares of the company’s stock worth $230,000 after acquiring an additional 185 shares during the period. Acorn Wealth Advisors LLC increased its stake in Mondelez International by 4.8% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $259,000 after acquiring an additional 189 shares during the period. Finally, Mccarter Private Wealth Services LLC raised its holdings in Mondelez International by 3.9% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after acquiring an additional 190 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. DA Davidson reaffirmed a “neutral” rating and issued a $62.00 price target on shares of Mondelez International in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Wells Fargo & Company increased their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Thirteen 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 a consensus rating of “Moderate Buy” and an average price target of $67.06.

Insider Transactions at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This trade represents a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Mondelez International Stock Down 0.4%

Shares of NASDAQ MDLZ opened at $58.17 on Tuesday. The company has a market cap of $74.57 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.43 and a beta of 0.38. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a 50-day moving average price of $58.13 and a two-hundred day moving average price of $58.74.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion during 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 for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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