Trek Financial LLC Buys New Position in Mondelez International, Inc. $MDLZ

Trek Financial LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,461 shares of the company’s stock, valued at approximately $1,216,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in Mondelez International during the 2nd quarter worth approximately $1,239,834,000. First Trust Advisors LP grew 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 in the last quarter. Corient Private Wealth LLC increased its position 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 acquiring an additional 2,020,135 shares during the period. Confluence Investment Management LLC raised its stake in shares of Mondelez International by 324.5% in the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after acquiring an additional 1,699,980 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after purchasing an additional 1,345,078 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $58.40 on Friday. The business has a 50 day moving average price of $55.34 and a 200 day moving average price of $60.05. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market cap of $75.36 billion, a price-to-earnings ratio of 21.87 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share 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 analyst estimates of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is 74.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Barclays lowered their price objective 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. Piper Sandler cut their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Bank of America decreased their price target on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Stifel Nicolaus dropped 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. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.