CI Investments Inc. Raises Position in Mondelez International, Inc. $MDLZ

CI Investments Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% in the third quarter, Holdings Channel.com reports. The firm owned 634,794 shares of the company’s stock after buying an additional 53,806 shares during the period. CI Investments Inc.’s holdings in Mondelez International were worth $39,656,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Kingsview Wealth Management LLC boosted its stake in Mondelez International by 0.5% during the third quarter. Kingsview Wealth Management LLC now owns 115,589 shares of the company’s stock worth $7,221,000 after buying an additional 590 shares during the period. Elo Mutual Pension Insurance Co raised its position in Mondelez International by 29.5% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 139,525 shares of the company’s stock worth $8,716,000 after purchasing an additional 31,791 shares during the period. WASHINGTON TRUST Co lifted its stake in Mondelez International by 2.1% in the third quarter. WASHINGTON TRUST Co now owns 234,034 shares of the company’s stock worth $14,620,000 after purchasing an additional 4,780 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Mondelez International by 12.2% during the third quarter. Fisher Asset Management LLC now owns 10,791 shares of the company’s stock valued at $674,000 after buying an additional 1,171 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in shares of Mondelez International by 6.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 4,562 shares of the company’s stock worth $285,000 after acquiring an additional 274 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. Bank of America cut their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Argus upgraded shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Mizuho dropped their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Finally, Stifel Nicolaus reduced their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold 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 target price of $67.06.

Mondelez International Stock Down 2.8%

Shares of Mondelez International stock opened at $58.77 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market cap of $75.33 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.52 and a beta of 0.38. The firm’s 50-day moving average is $57.84 and its two-hundred day moving average is $58.86. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 net margin of 6.36% and a return on equity of 14.53%. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue 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. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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 issued a $0.50 dividend. 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%.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction on Friday, February 13th. The stock was 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 of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.