Magellan Asset Management Ltd Has $5.78 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Magellan Asset Management Ltd lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 59.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 107,347 shares of the company’s stock after buying an additional 39,991 shares during the period. Magellan Asset Management Ltd’s holdings in Mondelez International were worth $5,778,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDLZ. Brighton Jones LLC boosted its stake in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. United Bank boosted its stake in shares of Mondelez International by 13.2% during the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Mondelez International by 15.1% during the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after buying an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. boosted its stake in shares of Mondelez International by 4,470.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after buying an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Mondelez International by 144.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock worth $532,000 after buying an additional 4,668 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Wells Fargo & Company raised their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. BTIG Research initiated coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Down 0.5%

Mondelez International stock opened at $60.99 on Friday. The stock has a market cap of $78.29 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.40 and a beta of 0.38. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company’s 50-day moving average price is $59.54 and its two-hundred day moving average price is $57.86.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 99.50%.

Mondelez International 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.