Verus Financial Partners Inc. Decreases Holdings in Mondelez International, Inc. $MDLZ

Verus Financial Partners Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,895 shares of the company’s stock after selling 172 shares during the period. Verus Financial Partners Inc.’s holdings in Mondelez International were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Brighton Jones LLC lifted its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Mondelez International by 67,660.0% in the first quarter. NBC Securities Inc. now owns 10,164 shares of the company’s stock worth $689,000 after buying an additional 10,149 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Mondelez International by 8.7% in the first quarter. Merit Financial Group LLC now owns 53,818 shares of the company’s stock worth $3,652,000 after buying an additional 4,302 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Mondelez International by 45.7% in the first quarter. ST Germain D J Co. Inc. now owns 4,169 shares of the company’s stock worth $283,000 after buying an additional 1,307 shares during the last quarter. Finally, Apella Capital LLC raised its holdings in shares of Mondelez International by 16.9% in the first quarter. Apella Capital LLC now owns 3,991 shares of the company’s stock worth $264,000 after buying an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.2%

MDLZ stock opened at $61.78 on Friday. The firm has a market cap of $79.94 billion, a PE ratio of 22.63, a P/E/G ratio of 4.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm’s fifty day moving average is $62.93 and its 200 day moving average is $65.56. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. UBS Group decreased their price target on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Sanford C. Bernstein increased their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.80.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.