Mondelez International, Inc. $MDLZ Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 935,545 shares of the company’s stock after selling 23,235 shares during the period. Cerity Partners LLC owned 0.07% of Mondelez International worth $58,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Mondelez International by 1.1% in the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after purchasing an additional 670,634 shares during the period. Geode Capital Management LLC raised its stake in shares of Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after buying an additional 242,695 shares in the last quarter. Norges Bank bought a new stake in shares of Mondelez International in the 2nd quarter worth $1,239,834,000. Invesco Ltd. lifted its holdings in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after buying an additional 1,345,078 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mondelez International by 1.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 8,096,303 shares of the company’s stock valued at $546,015,000 after buying an additional 145,442 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDLZ shares. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley lowered their price objective on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.83.

Mondelez International Stock Performance

Mondelez International stock opened at $51.51 on Thursday. Mondelez International, Inc. has a fifty-two week low of $51.44 and a fifty-two week high of $71.15. The firm’s 50 day simple moving average is $55.37 and its 200-day simple moving average is $61.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The company has a market cap of $66.47 billion, a P/E ratio of 19.29 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

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.