Strs Ohio Sells 10,748 Shares of Mondelez International, Inc. $MDLZ

Strs Ohio decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,136 shares of the company’s stock after selling 10,748 shares during the quarter. Strs Ohio’s holdings in Mondelez International were worth $26,183,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after acquiring an additional 172 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after acquiring an additional 175 shares during the last quarter. Financial Perspectives Inc raised its position in Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. Finally, Sonora Investment Management Group LLC raised its position in Mondelez International by 3.8% during the second quarter. Sonora Investment Management Group LLC now owns 4,888 shares of the company’s stock valued at $330,000 after purchasing an additional 179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $58.40 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The firm has a market cap of $75.36 billion, a price-to-earnings ratio of 21.87 and a beta of 0.39. The business’s fifty day simple moving average is $55.34 and its two-hundred day simple moving average is $60.10. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MDLZ. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.11.

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.