Ethic Inc. Trims Stock Position in Mondelez International, Inc. $MDLZ

Ethic Inc. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the 4th quarter, Holdings Channel reports. The firm owned 167,849 shares of the company’s stock after selling 23,240 shares during the quarter. Ethic Inc.’s holdings in Mondelez International were worth $9,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. McIlrath & Eck LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. UBS Group upped 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, April 29th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, TD Cowen upped their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction that occurred 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 transaction, 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 accessible through this hyperlink. Insiders have sold a total of 3,064 shares of company stock worth $189,934 over the last quarter. Company insiders own 0.45% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.52 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The company has a market cap of $78.86 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.41 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm’s 50 day moving average is $58.04 and its two-hundred day moving average is $57.44.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

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.