Berkshire Asset Management LLC PA Has $30.37 Million Holdings in Mondelez International, Inc. $MDLZ

Berkshire Asset Management LLC PA lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 564,106 shares of the company’s stock after selling 27,421 shares during the period. Berkshire Asset Management LLC PA’s holdings in Mondelez International were worth $30,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MDLZ. Rakuten Investment Management Inc. lifted its stake in shares of Mondelez International by 1,360.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 240,518 shares of the company’s stock valued at $13,238,000 after purchasing an additional 224,047 shares during the period. L2 Asset Management LLC boosted its position in shares of Mondelez International by 6.9% during the 4th quarter. L2 Asset Management LLC now owns 6,487 shares of the company’s stock valued at $349,000 after purchasing an additional 418 shares in the last quarter. TritonPoint Partners LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $410,000. Piedmont Capital Management LLC NC bought a new stake in Mondelez International in the fourth quarter worth approximately $300,000. Finally, Sargent Investment Group LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $287,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.1%

NASDAQ MDLZ opened at $62.15 on Wednesday. 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, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The business has a 50 day moving average price of $60.33 and a 200-day moving average price of $58.22. The company has a market cap of $79.78 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 2.41 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results 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. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the business earned $0.76 EPS. Mondelez International’s quarterly revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 99.50%.

Analyst Ratings Changes

A number of research firms have issued reports on MDLZ. TD Cowen increased their price target on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, Bank of America lifted their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

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.