Vestcor Inc Trims Holdings in Mondelez International, Inc. $MDLZ

Vestcor Inc trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,430 shares of the company’s stock after selling 21,800 shares during the quarter. Vestcor Inc’s holdings in Mondelez International were worth $6,106,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OLD Republic International Corp raised its stake in shares of Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in Mondelez International during the fourth quarter worth about $970,000. E. Ohman J or Asset Management AB acquired a new stake in Mondelez International during the fourth quarter worth about $2,629,000. Wealthfront Advisers LLC grew its holdings in Mondelez International by 15.3% during the fourth quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after acquiring an additional 28,797 shares during the period. Finally, PKO Investment Management Joint Stock Co grew its holdings in Mondelez International by 115.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock worth $5,440,000 after acquiring an additional 54,066 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.7%

Mondelez International stock opened at $62.04 on Friday. 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 52 week low of $51.20 and a 52 week high of $71.15. The business’s 50-day moving average price is $59.64 and its 200 day moving average price is $57.89. The firm has a market cap of $79.64 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38.

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

Mondelez International Announces Dividend

The firm 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. UBS Group raised their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein dropped their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

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.