Erste Asset Management GmbH Has $5.20 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Erste Asset Management GmbH decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 86,468 shares of the company’s stock after selling 43,889 shares during the quarter. Erste Asset Management GmbH’s holdings in Mondelez International were worth $5,201,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baldwin Investment Management LLC increased its holdings in shares of Mondelez International by 20.5% during the second quarter. Baldwin Investment Management LLC now owns 23,539 shares of the company’s stock worth $1,361,000 after buying an additional 4,006 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Mondelez International by 12.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,985 shares of the company’s stock valued at $115,000 after acquiring an additional 221 shares during the last quarter. Bull Street Advisors LLC boosted its holdings in shares of Mondelez International by 0.7% during the 2nd quarter. Bull Street Advisors LLC now owns 44,188 shares of the company’s stock valued at $2,556,000 after acquiring an additional 313 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Mondelez International by 6.0% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 23,681 shares of the company’s stock worth $1,370,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Mondelez International by 22.6% in the 2nd quarter. Whittier Trust Co. now owns 161,538 shares of the company’s stock worth $9,558,000 after purchasing an additional 29,780 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. UBS Group raised their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays lifted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Price Performance

Shares of MDLZ opened at $63.53 on Friday. The business has a 50-day moving average of $61.14 and a 200-day moving average of $59.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The company has a market capitalization of $81.08 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.53 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating 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 firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

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

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.