LGT Group Foundation Raises Stake in Mondelez International, Inc. $MDLZ

LGT Group Foundation increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 703,480 shares of the company’s stock after acquiring an additional 29,087 shares during the period. LGT Group Foundation’s holdings in Mondelez International were worth $44,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. United Bank raised its position in shares of Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after purchasing an additional 3,070 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Mondelez International by 43.9% during the 2nd quarter. Savant Capital LLC now owns 41,964 shares of the company’s stock valued at $2,830,000 after buying an additional 12,807 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Mondelez International by 26.4% during the 2nd quarter. AE Wealth Management LLC now owns 65,320 shares of the company’s stock valued at $4,405,000 after buying an additional 13,652 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in shares of Mondelez International by 39.9% during the second quarter. Prospera Financial Services Inc now owns 38,042 shares of the company’s stock worth $2,566,000 after buying an additional 10,848 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Activity

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America cut their price target on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, TD Cowen reduced their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.06.

Mondelez International Trading Up 0.4%

Mondelez International stock opened at $58.40 on Monday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The firm’s 50-day moving average is $58.07 and its 200-day moving average is $58.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The company has a market cap of $74.86 billion, a P/E ratio of 31.06, a PEG ratio of 2.43 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. Mondelez International’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.

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.