Arrowstreet Capital Limited Partnership Boosts Holdings in Mondelez International, Inc. $MDLZ

Arrowstreet Capital Limited Partnership boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 72.0% in the fourth quarter, HoldingsChannel reports. The fund owned 9,089,712 shares of the company’s stock after purchasing an additional 3,803,776 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Mondelez International were worth $489,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Mondelez International during the third quarter valued at approximately $27,000. J.Safra Asset Management Corp purchased a new stake in Mondelez International during the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new stake in Mondelez International during the third quarter valued at approximately $32,000. Finally, McIlrath & Eck LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen upped their price target on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Barclays upped their price target on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein cut their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Trading Down 0.6%

Shares of Mondelez International stock opened at $62.99 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The firm has a market capitalization of $80.86 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.47 and a beta of 0.38. The firm’s 50 day simple moving average is $60.16 and its two-hundred day simple moving average is $58.13.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is presently 99.50%.

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.