Magellan Asset Management Ltd Buys 10,106 Shares of Mondelez International, Inc. $MDLZ

Magellan Asset Management Ltd lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 67,356 shares of the company’s stock after acquiring an additional 10,106 shares during the period. Magellan Asset Management Ltd’s holdings in Mondelez International were worth $4,208,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International in the 2nd quarter valued at approximately $27,000. Rossby Financial LCC grew its holdings in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares during the period. Aspect Partners LLC increased its position in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its stake in shares of Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after purchasing an additional 196 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.2%

Shares of MDLZ stock opened at $61.13 on Wednesday. The company has a market capitalization of $78.36 billion, a P/E ratio of 32.52, a P/E/G ratio of 2.52 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $57.25 and a 200 day moving average price of $58.91.

Mondelez International (NASDAQ:MDLZ) last issued 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. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed 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 is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is presently 106.38%.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value 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. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Wells Fargo & Company lifted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. DA Davidson restated a “neutral” rating and set a $62.00 price target on shares of Mondelez International in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $67.06.

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.