ICICI Prudential Asset Management Co Ltd Raises Stake in Mondelez International, Inc. $MDLZ

ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 123,871 shares of the company’s stock after buying an additional 32,644 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Mondelez International were worth $7,738,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Burling Wealth Partners LLC raised its stake in Mondelez International by 14.6% during the 3rd quarter. Burling Wealth Partners LLC now owns 27,274 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,467 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Mondelez International by 5.3% in the 3rd quarter. Advisors Capital Management LLC now owns 15,031 shares of the company’s stock valued at $939,000 after purchasing an additional 753 shares during the last quarter. First National Bank of Omaha acquired a new position in shares of Mondelez International in the third quarter valued at approximately $8,103,000. BBR Partners LLC raised its stake in shares of Mondelez International by 0.3% during the third quarter. BBR Partners LLC now owns 81,154 shares of the company’s stock worth $5,070,000 after purchasing an additional 252 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its holdings in shares of Mondelez International by 11.6% during the third quarter. Ingalls & Snyder LLC now owns 239,727 shares of the company’s stock worth $14,976,000 after purchasing an additional 24,843 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Insider Buying and Selling at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Sanford C. Bernstein cut their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.06.

Mondelez International Stock Down 2.4%

Mondelez International stock opened at $58.64 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm has a market capitalization of $75.17 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38. The stock’s fifty day moving average is $56.89 and its two-hundred day moving average is $59.01. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s dividend payout ratio is currently 106.38%.

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.