Sit Investment Associates Inc. Sells 33,733 Shares of Mondelez International, Inc. $MDLZ

Sit Investment Associates Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,553 shares of the company’s stock after selling 33,733 shares during the period. Sit Investment Associates Inc.’s holdings in Mondelez International were worth $2,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MDLZ. Norges Bank purchased a new position in Mondelez International during the fourth quarter valued at $1,010,020,000. Capital International Investors raised its stake in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after buying an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Mondelez International by 190.3% during the fourth quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock valued at $230,062,000 after buying an additional 2,801,689 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.0%

MDLZ stock opened at $60.10 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a market cap of $77.15 billion, a PE ratio of 29.90, a P/E/G ratio of 2.35 and a beta of 0.38. The firm’s fifty day moving average is $60.46 and its 200 day moving average is $58.27.

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

Mondelez International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, March 30th. BTIG Research assumed coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target on the stock. Barclays upped their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Finally, Bank of America lifted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $67.05.

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.