Wilmington Savings Fund Society FSB Raises Stock Position in Mondelez International, Inc. $MDLZ

Wilmington Savings Fund Society FSB raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,401 shares of the company’s stock after purchasing an additional 39,418 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Mondelez International were worth $10,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaStar Capital Management LLC acquired a new stake in shares of Mondelez International during the second quarter valued at about $1,336,000. Asset Management One Co. Ltd. boosted its position in shares of Mondelez International by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after purchasing an additional 22,194 shares during the period. GAMMA Investing LLC increased its holdings in Mondelez International by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after purchasing an additional 7,914 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Mondelez International by 70.5% in the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in Mondelez International by 324.5% during the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after purchasing an additional 1,699,980 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.30 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $55.26 and a 200 day moving average price of $60.57. The company has a market cap of $73.94 billion, a P/E ratio of 21.46 and a beta of 0.39. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Sell-side analysts predict 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. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Bank of America lowered their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 19th. Sanford C. Bernstein lowered 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 dropped their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.