Mondelez International, Inc. $MDLZ Holdings Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,762 shares of the company’s stock after selling 85,677 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Mondelez International were worth $32,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after buying an additional 1,646,213 shares in the last quarter. Capital International Investors boosted its holdings in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. State Street Corp boosted its holdings in shares of Mondelez International by 1.5% in the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after acquiring an additional 908,076 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mondelez International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after acquiring an additional 108,179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MDLZ shares. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Bank of America lifted their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, BTIG Research started coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Stock Down 3.8%

NASDAQ MDLZ opened at $57.84 on Wednesday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a market capitalization of $74.25 billion, a P/E ratio of 28.78, a PEG ratio of 2.36 and a beta of 0.38. The company’s 50 day simple moving average is $60.81 and its 200 day simple moving average is $58.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during 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 firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid 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 dividend yield of 3.5%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

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.