Mondelez International, Inc. $MDLZ Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 5.2% during the third quarter, HoldingsChannel.com reports. The fund owned 169,068 shares of the company’s stock after acquiring an additional 8,427 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Mondelez International were worth $10,709,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Miller Global Investments LLC acquired a new position in Mondelez International in the 3rd quarter valued at $26,000. North Point Portfolio Managers Corp OH purchased a new position in Mondelez International in the 3rd quarter valued at $28,000. Ballast Advisors LLC acquired a new stake in Mondelez International during the 1st quarter worth $34,000. C M Bidwell & Associates Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth $35,000. Finally, Whipplewood Advisors LLC boosted its stake in Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $62.75 on Thursday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a market cap of $80.09 billion, a PE ratio of 23.07, a P/E/G ratio of 2.48 and a beta of 0.38. The stock has a 50 day moving average price of $61.75 and a 200 day moving average price of $60.95.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion for 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 firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts expect 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. Shareholders of record on Wednesday, September 30th were paid a $0.52 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is 76.47%.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MDLZ shares. BNP Paribas Exane upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Piper Sandler raised their price target on shares of Mondelez International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. UBS Group boosted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, BTIG Research upped their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $68.86.

View Our Latest Research Report on MDLZ

Mondelez International Company Profile

(Free Report)

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

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

See Also

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).

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

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