Payden & Rygel Sells 109,700 Shares of Mondelez International, Inc. $MDLZ

Payden & Rygel lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 96.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,570 shares of the company’s stock after selling 109,700 shares during the period. Payden & Rygel’s holdings in Mondelez International were worth $285,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Avalon Trust Co increased its stake in shares of Mondelez International by 3.7% during the third quarter. Avalon Trust Co now owns 212,823 shares of the company’s stock worth $13,295,000 after purchasing an additional 7,573 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Mondelez International by 0.6% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 55,794 shares of the company’s stock valued at $3,485,000 after purchasing an additional 316 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in Mondelez International by 19.2% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 48,628 shares of the company’s stock valued at $3,038,000 after purchasing an additional 7,826 shares during the period. Partners in Financial Planning acquired a new position in Mondelez International in the 3rd quarter valued at $222,000. Finally, Journey Advisory Group LLC increased its position in Mondelez International by 6.9% during the 3rd quarter. Journey Advisory Group LLC now owns 48,490 shares of the company’s stock worth $3,029,000 after buying an additional 3,123 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DA Davidson reissued a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Argus raised shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Finally, TD Cowen dropped their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Trading Up 0.3%

Shares of MDLZ opened at $58.80 on Monday. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The business’s fifty day moving average is $56.99 and its 200-day moving average is $58.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.45 and a beta of 0.38.

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

Mondelez International Dividend Announcement

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

Insider Activity

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were 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. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

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.