Factory Mutual Insurance Co. Trims Stock Holdings in Mondelez International, Inc. $MDLZ

Factory Mutual Insurance Co. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,500 shares of the company’s stock after selling 112,000 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Mondelez International were worth $26,706,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International 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 directly owned 99,596 shares of the company’s stock, valued at $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MDLZ. Barclays cut their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Stifel Nicolaus dropped their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley decreased their price target on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Bank of America dropped their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, TD Cowen cut their target price on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Price Performance

Mondelez International stock opened at $58.64 on Friday. The stock has a market capitalization of $75.17 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.51 and a beta of 0.38. The company’s fifty day moving average price is $56.89 and its 200 day moving average price is $59.01. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. During the same quarter last year, the business earned $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. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International Company 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.