Mondelez International, Inc. $MDLZ Stock: ZWJ Investment Counsel Inc. Increases Stake

ZWJ Investment Counsel Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 6.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 754,487 shares of the company’s stock after buying an additional 43,118 shares during the quarter. Mondelez International makes up about 1.2% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 28th largest holding. ZWJ Investment Counsel Inc.’s holdings in Mondelez International were worth $43,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Miller Global Investments LLC bought a new position in shares of Mondelez International in the third quarter worth approximately $26,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Mondelez International in the third quarter worth $28,000. MV Capital Management Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Mondelez International during the 4th quarter valued at $33,000. Finally, Ballast Advisors LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $34,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MDLZ shares. TD Cowen upped their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company cut their price target on Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. HSBC raised their price target on Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.82.

Get Our Latest Research Report on Mondelez International

Insider Buying and Selling at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company’s stock.

Mondelez International Trading Up 1.7%

MDLZ stock opened at $62.57 on Thursday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. 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 company has a market capitalization of $79.86 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.42 and a beta of 0.38. The business has a 50 day simple moving average of $61.63 and a two-hundred day simple moving average of $60.75.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were given a dividend of $0.52 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 76.47%.

Mondelez International Company Profile

(Free Report)

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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