Mondelez International, Inc. $MDLZ Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 564,762 shares of the company’s stock after selling 85,677 shares during the period. Pictet Asset Management Holding SA’s holdings in Mondelez International were worth $32,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in Mondelez International during the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $28,000. Finally, High Point Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $30,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 3.8%

Shares of NASDAQ:MDLZ opened at $57.84 on Wednesday. The company has a market cap of $74.25 billion, a PE ratio of 28.78, a P/E/G ratio of 2.36 and a beta of 0.38. The company’s 50-day moving average price is $60.81 and its 200 day moving average price is $58.55. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. Mondelez International’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is 99.50%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MDLZ shares. 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 objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Rothschild & Co Redburn restated a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $67.05.

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.