Magellan Asset Management Ltd Buys 39,991 Shares of Mondelez International, Inc. $MDLZ

Magellan Asset Management Ltd increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 59.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,347 shares of the company’s stock after purchasing an additional 39,991 shares during the period. Magellan Asset Management Ltd’s holdings in Mondelez International were worth $5,778,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International in the 3rd quarter worth approximately $27,000. High Point Wealth Management LLC bought a new position in Mondelez International in the 4th quarter worth approximately $30,000. McIlrath & Eck LLC bought a new position in Mondelez International in the 4th quarter worth approximately $30,000. Navalign LLC bought a new position in Mondelez International in the 4th quarter worth approximately $31,000. Finally, JPL Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $60.99 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The firm has a market cap of $78.29 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.40 and a beta of 0.38. The stock’s 50-day moving average is $59.54 and its 200-day moving average is $57.86. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Analyst Ratings Changes

Several brokerages have commented on MDLZ. Barclays upped their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Bank of America upped 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, April 10th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Wells Fargo & Company upped their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

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.