Thrivent Financial for Lutherans Sells 14,395 Shares of Mondelez International, Inc. $MDLZ

Thrivent Financial for Lutherans reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.9% during the 4th quarter, HoldingsChannel reports. The fund owned 65,893 shares of the company’s stock after selling 14,395 shares during the period. Thrivent Financial for Lutherans’ holdings in Mondelez International were worth $3,562,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International during the third quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in Mondelez International during the third quarter worth approximately $32,000. McIlrath & Eck LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $30,000. High Point Wealth Management LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Finally, Navalign LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.4%

MDLZ opened at $61.76 on Friday. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.41 and a beta of 0.39. The stock’s 50 day moving average price is $58.63 and its 200-day moving average price is $57.55. 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 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is currently 99.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDLZ shares. Piper Sandler boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. TD Cowen boosted their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company upped their target price on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International 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.