Massachusetts Financial Services Co. MA Sells 581,600 Shares of Mondelez International, Inc. $MDLZ

Massachusetts Financial Services Co. MA cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 41.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,309 shares of the company’s stock after selling 581,600 shares during the period. Massachusetts Financial Services Co. MA owned 0.06% of Mondelez International worth $50,822,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. J.Safra Asset Management Corp bought a new position in shares of Mondelez International in the 4th quarter worth approximately $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $28,000. High Point Wealth Management LLC purchased a new stake in Mondelez International in the fourth quarter worth $30,000. Finally, McIlrath & Eck LLC bought a new position in Mondelez International in the fourth quarter worth $30,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on MDLZ. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays increased their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Trading Up 0.1%

NASDAQ MDLZ opened at $63.61 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $61.17 and its 200-day moving average price is $59.92. The stock has a market cap of $81.19 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.59 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

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.