Lazard Asset Management LLC Reduces Stake in Mondelez International, Inc. $MDLZ

Lazard Asset Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 99.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,948 shares of the company’s stock after selling 1,764,343 shares during the period. Lazard Asset Management LLC’s holdings in Mondelez International were worth $746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after purchasing an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after buying an additional 173 shares during the last quarter. Leo Wealth LLC boosted its holdings in shares of Mondelez International by 2.4% in the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after buying an additional 176 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after buying an additional 177 shares in the last quarter. Finally, Columbia Asset Management grew its position in shares of Mondelez International by 1.3% in the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after buying an additional 180 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.8%

MDLZ stock opened at $62.60 on Thursday. The company has a market cap of $80.36 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.52 and a beta of 0.38. The company has a fifty day moving average price of $61.01 and a 200 day moving average price of $59.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 73.53%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. Bank of America lifted their price target on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Barclays raised their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. BNP Paribas Exane boosted their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, TD Cowen upped their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.30.

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.