QRG Capital Management Inc. Sells 111,362 Shares of Mondelez International, Inc. $MDLZ

QRG Capital Management Inc. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 63.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,340 shares of the company's stock after selling 111,362 shares during the quarter. QRG Capital Management Inc.'s holdings in Mondelez International were worth $3,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company's stock worth $30,000 after purchasing an additional 282 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. JPL Wealth Management LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $32,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $34,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent analyst reports. 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. Rothschild & Co Redburn restated a "neutral" rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Mizuho reduced their target price on Mondelez International from $70.00 to $67.00 and set an "outperform" rating for the company in a research note on Thursday, January 8th. DA Davidson reissued a "neutral" rating and set a $62.00 target price on shares of Mondelez International in a report on Wednesday, February 4th. Finally, Piper Sandler increased their price target on Mondelez International from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.05.

Mondelez International Trading Up 0.8%

Shares of Mondelez International stock opened at $61.87 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a 50-day moving average of $58.04 and a 200-day moving average of $57.45. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The stock has a market cap of $79.31 billion, a PE ratio of 30.78, a PEG ratio of 2.40 and a beta of 0.39.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, March 31st. Mondelez International's dividend payout ratio (DPR) is 99.50%.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International 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 $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 3,064 shares of company stock valued at $189,934. 0.45% of the stock is owned by insiders.

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.

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