Eastern Bank cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 33.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,651 shares of the company’s stock after selling 13,638 shares during the quarter. Eastern Bank’s holdings in Mondelez International were worth $1,541,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International in the 4th quarter valued at $28,000. High Point Wealth Management LLC bought a new position in Mondelez International during the 4th quarter valued at $30,000. Finally, McIlrath & Eck LLC bought a new position in Mondelez International during the 4th quarter valued at $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Bank of America upped their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Finally, BTIG Research initiated coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.
Mondelez International Price Performance
Mondelez International stock opened at $62.08 on Wednesday. The business’s 50 day simple moving average is $61.00 and its 200 day simple moving average is $59.66. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a market cap of $79.69 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.51 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.04 EPS for the current year.
Mondelez International Announces Dividend
The company also recently declared 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 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is presently 73.53%.
Mondelez International Company 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.
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