Mondelez International, Inc. $MDLZ Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 135,139 shares of the company’s stock after selling 9,548 shares during the period. Meyer Handelman Co.’s holdings in Mondelez International were worth $7,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Mondelez International during the 4th quarter valued at about $1,010,020,000. Capital International Investors raised its position in Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 12.0% in 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 purchasing an additional 3,993,811 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after purchasing an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Mondelez International by 190.3% in the fourth quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock valued at $230,062,000 after purchasing an additional 2,801,689 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.61 on Monday. The firm has a market cap of $81.19 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The firm’s 50 day moving average price is $61.17 and its 200 day moving average price is $59.93.

Mondelez International (NASDAQ:MDLZ) last posted 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 business had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price objective on shares of Mondelez International in a research note on Wednesday, July 29th. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Barclays boosted their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, TD Cowen upped their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.30.

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.