Massachusetts Financial Services Co. MA Cuts Stake in Mondelez International, Inc. $MDLZ

Massachusetts Financial Services Co. MA reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 84.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,333,566 shares of the company’s stock after selling 12,814,080 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Mondelez International were worth $125,616,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in shares of Mondelez International by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after purchasing an additional 22,194 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Mondelez International by 70.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Mondelez International by 32.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock valued at $9,240,000 after purchasing an additional 36,037 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Mondelez International by 8.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock valued at $39,220,000 after purchasing an additional 46,182 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after purchasing an additional 1,699,980 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. TD Cowen dropped their price objective on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Bank of America increased their target price on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group dropped their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.28.

Mondelez International Trading Down 2.2%

NASDAQ MDLZ opened at $57.68 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The firm’s fifty day moving average price is $58.67 and its 200 day moving average price is $57.84. The company has a market capitalization of $73.94 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. 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 results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. Mondelez International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Mondelez International’s dividend payout ratio is currently 106.38%.

Insiders Place Their Bets

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.