Harbour Investments Inc. Has $3.18 Million Stake in Mondelez International, Inc. $MDLZ

Harbour Investments Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 540.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,999 shares of the company’s stock after purchasing an additional 49,786 shares during the period. Harbour Investments Inc.’s holdings in Mondelez International were worth $3,176,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International during the 3rd quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth $32,000. McIlrath & Eck LLC bought a new position in shares of Mondelez International in the fourth quarter worth $30,000. High Point Wealth Management LLC acquired a new position in Mondelez International in the fourth quarter valued at about $30,000. Finally, Navalign LLC bought a new stake in Mondelez International during the fourth quarter worth about $31,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. BTIG Research started coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective on the stock. Morgan Stanley upped their target price on Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Finally, Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Trading Up 1.6%

MDLZ opened at $62.25 on Thursday. 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, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company’s 50 day moving average price is $59.01 and its two-hundred day moving average price is $57.67. The firm has a market capitalization of $79.91 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.40 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued 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 yield of 3.2%. Mondelez International’s payout ratio is presently 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.