Gamco Investors INC. ET AL Has $25.95 Million Stake in Mondelez International, Inc. $MDLZ

Gamco Investors INC. ET AL reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,167 shares of the company’s stock after selling 30,997 shares during the period. Gamco Investors INC. ET AL’s holdings in Mondelez International were worth $25,948,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MDLZ. OLD Republic International Corp boosted its stake in Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after purchasing an additional 252,700 shares during the last quarter. Allstate Corp increased its holdings in Mondelez International by 107.7% during the 4th quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after purchasing an additional 50,562 shares in the last quarter. VCI Wealth Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $970,000. BNP Paribas Financial Markets raised its stake in shares of Mondelez International by 41.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock worth $215,677,000 after purchasing an additional 1,166,036 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its holdings in shares of Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. TD Cowen lifted their target price on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. BTIG Research assumed coverage on Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $66.44.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $70.61. The company has a 50-day simple moving average of $60.88 and a 200 day simple moving average of $59.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The company has a market capitalization of $77.69 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue 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, research analysts predict that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Dividend Announcement

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

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.