Cullinan Associates Inc. Has $1.74 Million Stake in Mondelez International, Inc. $MDLZ

Cullinan Associates Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,097 shares of the company’s stock after selling 13,590 shares during the period. Cullinan Associates Inc.’s holdings in Mondelez International were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Fifth Third Bancorp lifted its stake in Mondelez International by 136.5% in the 1st quarter. Fifth Third Bancorp now owns 707,952 shares of the company’s stock valued at $40,806,000 after purchasing an additional 408,650 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Mondelez International by 16.0% during the 1st quarter. Simplicity Wealth LLC now owns 10,792 shares of the company’s stock valued at $622,000 after acquiring an additional 1,489 shares in the last quarter. Conning Inc. increased its holdings in Mondelez International by 0.7% in the first quarter. Conning Inc. now owns 627,416 shares of the company’s stock valued at $36,164,000 after purchasing an additional 4,216 shares during the period. DMC Group LLC acquired a new position in shares of Mondelez International in the first quarter worth approximately $207,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Mondelez International by 35.5% in the 1st 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. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. TD Cowen raised their price objective on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. BTIG Research started coverage on Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Bank of America lifted their price target on shares of 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, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Up 0.9%

MDLZ stock traded up $0.53 during mid-day trading on Friday, reaching $58.83. 6,428,266 shares of the company traded hands, compared to its average volume of 9,690,540. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $61.12 and its 200 day moving average price is $58.82. The stock has a market cap of $75.52 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.31 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted 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. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) 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.