Payden & Rygel Sells 109,700 Shares of Mondelez International, Inc. $MDLZ

Payden & Rygel cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 96.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,570 shares of the company’s stock after selling 109,700 shares during the quarter. Payden & Rygel’s holdings in Mondelez International were worth $285,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Mondelez International in the 2nd quarter valued at approximately $1,239,834,000. JPMorgan Chase & Co. grew its holdings in Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after acquiring an additional 10,137,457 shares during the last quarter. First Trust Advisors LP increased its position in Mondelez International by 197.9% in the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after acquiring an additional 2,701,229 shares during the period. Federated Hermes Inc. raised its stake in shares of Mondelez International by 2,080.4% during the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after acquiring an additional 2,353,841 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Mondelez International by 88.1% during the second quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock valued at $290,862,000 after acquiring an additional 2,020,135 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $58.80 on Monday. The stock has a market capitalization of $75.37 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.45 and a beta of 0.38. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The stock’s 50 day moving average price is $56.99 and its two-hundred day moving average price is $58.93.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. Mondelez International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s dividend payout ratio is 106.38%.

Insider Activity at Mondelez International

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group reduced their price target on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Sanford C. Bernstein decreased their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.06.

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.