Strs Ohio Sells 17,113 Shares of Mondelez International, Inc. $MDLZ

Strs Ohio lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 390,199 shares of the company’s stock after selling 17,113 shares during the quarter. Strs Ohio’s holdings in Mondelez International were worth $22,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Leo Wealth LLC lifted its position in Mondelez International by 2.4% during the fourth quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock worth $403,000 after acquiring an additional 176 shares during the last quarter. Columbia Asset Management boosted its holdings in shares of Mondelez International by 1.3% during the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after acquiring an additional 180 shares during the period. Commonwealth Retirement Investments LLC grew its position in shares of Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock valued at $1,108,000 after purchasing an additional 180 shares during the last quarter. West Paces Advisors Inc. grew its position in shares of Mondelez International by 1.1% in the fourth quarter. West Paces Advisors Inc. now owns 16,452 shares of the company’s stock valued at $886,000 after purchasing an additional 186 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Mondelez International by 5.9% during the first quarter. Capital Advisors Ltd. LLC now owns 3,393 shares of the company’s stock worth $196,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen increased their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. BTIG Research initiated coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given 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.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $60.91 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 cap of $78.19 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39. The stock has a 50 day simple moving average of $61.05 and a 200 day simple moving average of $58.65. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is 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.