Handelsbanken Fonder AB Sells 48,385 Shares of Mondelez International, Inc. $MDLZ

Handelsbanken Fonder AB reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% in the second quarter, HoldingsChannel.com reports. The firm owned 490,309 shares of the company’s stock after selling 48,385 shares during the period. Handelsbanken Fonder AB’s holdings in Mondelez International were worth $28,359,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the period. United Bank lifted its stake in Mondelez International by 13.2% in the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after acquiring an additional 3,070 shares during the period. Sei Investments Co. lifted its stake in Mondelez International by 15.1% in the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after acquiring an additional 71,667 shares during the period. Osterweis Capital Management Inc. boosted its holdings in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Mondelez International by 144.9% in the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after acquiring an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Barclays lifted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. TD Cowen increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, UBS Group raised their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Price Performance

Shares of MDLZ stock opened at $61.78 on Wednesday. The business’s fifty day moving average is $61.07 and its 200 day moving average is $59.83. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The stock has a market cap of $78.85 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.50 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 73.53%.

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.