Shell Asset Management Co. Sells 14,767 Shares of Mondelez International, Inc. $MDLZ

Shell Asset Management Co. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 52.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,320 shares of the company’s stock after selling 14,767 shares during the quarter. Shell Asset Management Co.’s holdings in Mondelez International were worth $832,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. boosted its holdings in shares of Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares during the period. Financial Perspectives Inc boosted its stake in Mondelez International by 22.9% in the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the period. West Michigan Advisors LLC increased its holdings in Mondelez International by 3.4% during the 2nd quarter. West Michigan Advisors LLC now owns 5,445 shares of the company’s stock worth $370,000 after purchasing an additional 180 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in Mondelez International by 2.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,333 shares of the company’s stock worth $629,000 after purchasing an additional 182 shares in the last quarter. Finally, Lakeridge Wealth Management LLC raised its stake in shares of Mondelez International by 5.7% in the 2nd quarter. Lakeridge Wealth Management LLC now owns 3,405 shares of the company’s stock valued at $230,000 after purchasing an additional 185 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $62.59 on Tuesday. The stock has a market capitalization of $80.23 billion, a PE ratio of 33.29, a P/E/G ratio of 2.61 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a fifty day simple moving average of $56.56 and a 200 day simple moving average of $59.03. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $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. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Mizuho reduced their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Barclays reduced their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. TD Cowen lowered their price objective 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. Royal Bank Of Canada cut their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Thirteen equities research 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, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

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.