UNIVEST FINANCIAL Corp lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,902 shares of the company’s stock after selling 10,611 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $8,612,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its position in Mondelez International by 35.5% in the 1st 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 last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after buying an additional 173 shares during the last quarter. Granite Investment Partners LLC raised its position in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock worth $1,688,000 after buying an additional 177 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Mondelez International by 2.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock worth $515,000 after acquiring an additional 179 shares during the period. Finally, Columbia Asset Management raised its holdings in Mondelez International by 1.3% during the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Wall Street Analyst Weigh In
MDLZ has been the topic of a number of analyst reports. TD Cowen lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and set a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.
Mondelez International Stock Up 0.8%
MDLZ stock opened at $62.66 on Wednesday. The company has a market cap of $79.97 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company’s 50-day moving average price is $61.18 and its 200 day moving average price is $59.99. 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 issued its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is currently 73.53%.
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.
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