Handelsbanken Fonder AB Reduces Stake in Mondelez International, Inc. $MDLZ

Handelsbanken Fonder AB lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,916 shares of the company’s stock after selling 49,037 shares during the period. Handelsbanken Fonder AB’s holdings in Mondelez International were worth $31,292,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Soundwatch Capital LLC purchased a new position in Mondelez International during the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares in the last quarter. Aspect Partners LLC grew its position in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Mondelez International by 60.3% in 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 period. Finally, Traub Capital Management LLC purchased a new stake in shares of Mondelez International in the second quarter worth $37,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Buying and Selling

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction 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 sale, the executive vice president owned 99,596 shares of the company’s stock, valued at $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley cut their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. UBS Group decreased their price objective on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. TD Cowen decreased their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.58 on Friday. The company’s fifty day moving average is $57.62 and its 200 day moving average is $58.93. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market cap of $78.94 billion, a PE ratio of 32.76, a PEG ratio of 2.50 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 (EPS) for the quarter, beating 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 firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, March 31st. 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.