Guinness Asset Management LTD Sells 118,830 Shares of Mondelez International, Inc. $MDLZ

Guinness Asset Management LTD lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,694,732 shares of the company’s stock after selling 118,830 shares during the period. Mondelez International makes up about 3.3% of Guinness Asset Management LTD’s holdings, making the stock its 18th biggest holding. Guinness Asset Management LTD’s holdings in Mondelez International were worth $203,292,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International during the third quarter valued at $27,000. High Point Wealth Management LLC bought a new position in Mondelez International during the fourth quarter worth $30,000. McIlrath & Eck LLC bought a new position in Mondelez International during the fourth quarter worth $30,000. Navalign LLC bought a new position in Mondelez International during the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC bought a new position in Mondelez International during the third quarter worth $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4%

NASDAQ:MDLZ opened at $61.76 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $79.28 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.41 and a beta of 0.39. The firm has a fifty day simple moving average of $58.63 and a two-hundred day simple moving average of $57.55. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company 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 fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MDLZ shares. 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. Wells Fargo & Company lifted their target price 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. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus lowered their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine 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 target price 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.