Mondelez International, Inc. $MDLZ Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,148,795 shares of the company’s stock after selling 83,303 shares during the quarter. Legal & General Group Plc owned approximately 0.63% of Mondelez International worth $438,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC grew its position in Mondelez International by 22.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 56,607 shares of the company’s stock valued at $3,047,000 after buying an additional 10,313 shares during the period. Swedbank AB grew its position in Mondelez International by 1.6% during the fourth quarter. Swedbank AB now owns 829,456 shares of the company’s stock valued at $44,650,000 after buying an additional 12,888 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Mondelez International during the fourth quarter valued at $406,000. OLD Republic International Corp grew its position in shares of Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after purchasing an additional 252,700 shares during the period. Finally, Jefferies Financial Group Inc. grew its position in shares of Mondelez International by 803.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 110,346 shares of the company’s stock valued at $5,940,000 after purchasing an additional 98,134 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Argus upgraded shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.76 on Tuesday. The company’s 50-day moving average price is $58.78 and its 200-day moving average price is $57.59. 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 company has a market cap of $79.28 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.42 and a beta of 0.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio is presently 99.50%.

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.