QRG Capital Management Inc. Has $3.46 Million Stock Holdings in Mondelez International, Inc. $MDLZ

QRG Capital Management Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 63.4% in the 4th quarter, Holdings Channel reports. The firm owned 64,340 shares of the company’s stock after selling 111,362 shares during the period. QRG Capital Management Inc.’s holdings in Mondelez International were worth $3,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Headinvest LLC boosted its stake in Mondelez International by 11.8% in the fourth quarter. Headinvest LLC now owns 14,742 shares of the company’s stock valued at $794,000 after buying an additional 1,551 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its holdings in shares of Mondelez International by 4.1% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 307,165 shares of the company’s stock worth $16,535,000 after acquiring an additional 12,000 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Mondelez International by 28.5% in the fourth quarter. Intact Investment Management Inc. now owns 188,800 shares of the company’s stock worth $10,163,000 after acquiring an additional 41,900 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of Mondelez International by 3.9% in the 4th quarter. Montag A & Associates Inc. now owns 26,854 shares of the company’s stock valued at $1,458,000 after purchasing an additional 1,015 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co grew its holdings in shares of Mondelez International by 115.0% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler increased their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley upped their price target on shares of Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Mizuho dropped their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, UBS Group upped their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Insider Activity 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 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 owned 99,596 shares of the company’s stock, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 3,064 shares of company stock worth $189,934. 0.45% of the stock is owned by corporate insiders.

Mondelez International Trading Up 0.8%

NASDAQ MDLZ opened at $61.87 on Thursday. The firm has a market capitalization of $79.31 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39. The business’s 50-day moving average price is $58.04 and its two-hundred day moving average price is $57.45. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Mondelez International’s payout ratio is currently 99.50%.

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.