Sit Investment Associates Inc. Trims Stock Holdings in Mondelez International, Inc. $MDLZ

Sit Investment Associates Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 46.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,553 shares of the company’s stock after selling 33,733 shares during the period. Sit Investment Associates Inc.’s holdings in Mondelez International were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. SG Trading Solutions LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $348,000. Pacer Advisors Inc. increased its holdings in Mondelez International by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 228,918 shares of the company’s stock worth $12,323,000 after purchasing an additional 32,499 shares during the last quarter. Virtu Financial LLC raised its stake in Mondelez International by 14.1% during the fourth quarter. Virtu Financial LLC now owns 32,501 shares of the company’s stock valued at $1,750,000 after buying an additional 4,020 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Mondelez International during the fourth quarter worth about $31,000. Finally, Cambient Family Office LLC bought a new stake in Mondelez International in the 4th quarter valued at about $339,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $60.10 on Friday. The stock’s 50 day moving average price is $60.46 and its two-hundred day moving average price is $58.27. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $77.15 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.35 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.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating 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 firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio is currently 99.50%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Barclays upped their price target on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.