Townsquare Capital LLC Sells 32,861 Shares of Mondelez International, Inc. $MDLZ

Townsquare Capital LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 45.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,012 shares of the company’s stock after selling 32,861 shares during the period. Townsquare Capital LLC’s holdings in Mondelez International were worth $2,100,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International in the fourth quarter worth $25,000. GWN Securities Inc. grew its holdings in shares of Mondelez International by 11.3% in the fourth quarter. GWN Securities Inc. now owns 48,847 shares of the company’s stock worth $2,629,000 after acquiring an additional 4,959 shares during the period. Deutsche Bank AG grew its holdings in Mondelez International by 12.5% during the fourth quarter. Deutsche Bank AG now owns 14,353,633 shares of the company’s stock valued at $772,656,000 after purchasing an additional 1,589,713 shares during the period. Capital Analysts LLC grew its holdings in Mondelez International by 17.1% during the fourth quarter. Capital Analysts LLC now owns 9,056 shares of the company’s stock valued at $487,000 after purchasing an additional 1,321 shares during the period. Finally, Pettyjohn Wood & White Inc. grew its holdings in Mondelez International by 10.7% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 6,053 shares of the company’s stock valued at $326,000 after purchasing an additional 584 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MDLZ. Argus raised Mondelez International to a “hold” rating in a report on Thursday, February 12th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. TD Cowen boosted their price target on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.05.

Check Out Our Latest Stock Analysis on MDLZ

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.18 on Thursday. The firm has a market cap of $82.38 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.46 and a beta of 0.38. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $59.93 and a 200-day moving average price of $58.05. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International’s dividend payout ratio is 99.50%.

Mondelez International Profile

(Free Report)

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.

See Also

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

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