Florida Trust Wealth Management Co Sells 8,503 Shares of Mondelez International, Inc. $MDLZ

Florida Trust Wealth Management Co reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,868 shares of the company’s stock after selling 8,503 shares during the period. Florida Trust Wealth Management Co’s holdings in Mondelez International were worth $3,289,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Whipplewood Advisors LLC boosted its holdings in shares of Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Mondelez International by 3.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares in the last quarter. Granite Investment Partners LLC lifted its position in Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after acquiring an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in Mondelez International by 2.1% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock worth $515,000 after purchasing an additional 179 shares during the period. Finally, Columbia Asset Management boosted its stake in Mondelez International by 1.3% in the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after purchasing an additional 180 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The business has a 50-day moving average of $61.14 and a 200-day moving average of $59.90. The stock has a market capitalization of $81.08 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.53 and a beta of 0.38. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Mondelez International’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International’s dividend payout ratio is currently 73.53%.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Barclays upped their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. Finally, TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

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.