CORDA Investment Management LLC. Has $34.95 Million Stock Holdings in Mondelez International, Inc. $MDLZ

CORDA Investment Management LLC. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 606,311 shares of the company’s stock after acquiring an additional 20,289 shares during the quarter. Mondelez International makes up approximately 2.4% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 19th biggest position. CORDA Investment Management LLC.’s holdings in Mondelez International were worth $34,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new stake in Mondelez International during the 4th 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 bought a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth $28,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDLZ. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America lifted their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. BTIG Research assumed coverage on Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Performance

MDLZ opened at $58.83 on Monday. The company has a fifty day moving average price of $61.12 and a two-hundred day moving average price of $58.86. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a market cap of $75.52 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.4%. Mondelez International’s dividend payout ratio is presently 99.50%.

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.