Burgundy Asset Management Ltd. Has $178.11 Million Position in Mondelez International, Inc. $MDLZ

Burgundy Asset Management Ltd. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,898,948 shares of the company’s stock after selling 49,319 shares during the period. Mondelez International comprises about 1.7% of Burgundy Asset Management Ltd.’s holdings, making the stock its 20th biggest position. Burgundy Asset Management Ltd.’s holdings in Mondelez International were worth $178,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Cambria Investment Management L.P. acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $232,000. Chancellor Financial Group WB LP lifted its position in Mondelez International by 2.7% in the third quarter. Chancellor Financial Group WB LP now owns 7,710 shares of the company’s stock worth $482,000 after purchasing an additional 203 shares during the period. Weik Capital Management boosted its stake in Mondelez International by 7.3% during the third quarter. Weik Capital Management now owns 21,395 shares of the company’s stock worth $1,337,000 after buying an additional 1,450 shares in the last quarter. CI Investments Inc. boosted its stake in Mondelez International by 9.3% during the third quarter. CI Investments Inc. now owns 634,794 shares of the company’s stock worth $39,656,000 after buying an additional 53,806 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Mondelez International by 0.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 115,589 shares of the company’s stock valued at $7,221,000 after buying an additional 590 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $58.69 on Thursday. The business has a fifty day moving average of $57.92 and a 200-day moving average of $58.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The firm has a market cap of $75.23 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.45 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Argus upgraded shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Bank of America lowered their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Morgan Stanley dropped their target price on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Finally, Wells Fargo & Company boosted their price target on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.06.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Mondelez International 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.