ICICI Prudential Asset Management Co Ltd Boosts Stock Position in Mondelez International, Inc. $MDLZ

ICICI Prudential Asset Management Co Ltd raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,871 shares of the company’s stock after purchasing 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Soundwatch Capital LLC purchased a new position in shares of Mondelez International during the second quarter valued at approximately $27,000. Rossby Financial LCC grew its stake in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the period. Richardson Financial Services Inc. raised its holdings in Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Mondelez International by 60.3% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 2.4%

Shares of Mondelez International stock opened at $58.64 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The stock has a market cap 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 company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $56.89 and a 200 day moving average price of $59.01.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue 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 research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on MDLZ. Bank of America lowered their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Argus raised shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Morgan Stanley dropped their price target on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.