Epoch Investment Partners Inc. Sells 22,601 Shares of Mondelez International, Inc. $MDLZ

Epoch Investment Partners Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 888,788 shares of the company’s stock after selling 22,601 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mondelez International were worth $51,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Whipplewood Advisors LLC grew its holdings in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after purchasing an additional 173 shares in the last quarter. Leo Wealth LLC raised its stake in Mondelez International by 2.4% in the fourth quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after purchasing an additional 176 shares in the last quarter. Granite Investment Partners LLC lifted its position in Mondelez International by 0.6% during the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock worth $1,688,000 after purchasing an additional 177 shares during the period. Finally, Columbia Asset Management lifted its position in 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 purchasing an additional 180 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. UBS Group raised their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BTIG Research started coverage on shares of Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley reissued 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, twelve have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $70.61. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $60.88 and its 200 day simple moving average is $59.23. The firm has a market capitalization of $77.69 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued 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 during the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is 99.50%.

About Mondelez International

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.