Mondelez International, Inc. $MDLZ Stock Holdings Lowered by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the first quarter, Holdings Channel reports. The fund owned 663,650 shares of the company’s stock after selling 10,500 shares during the quarter. Gabelli Funds LLC’s holdings in Mondelez International were worth $38,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in Mondelez International during the 4th quarter valued at about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $28,000. High Point Wealth Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDLZ. Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. UBS Group lifted their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Bank of America increased their price target on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.

Mondelez International Trading Up 0.8%

Mondelez International stock opened at $60.52 on Friday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $70.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock has a market capitalization of $77.69 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. The firm has a 50 day simple moving average of $60.88 and a 200-day simple moving average of $59.23.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s payout ratio is currently 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.