Commonwealth Equity Services LLC Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Commonwealth Equity Services LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,804 shares of the company’s stock after selling 43,117 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mondelez International were worth $24,226,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AlphaStar Capital Management LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth $1,336,000. Asset Management One Co. Ltd. lifted its holdings in Mondelez International by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after acquiring an additional 22,194 shares during the period. GAMMA Investing LLC boosted its position in Mondelez International by 43.2% in the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after purchasing an additional 7,914 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Mondelez International by 70.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares during the period. Finally, Confluence Investment Management LLC increased its position in shares of Mondelez International by 324.5% during the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after purchasing an additional 1,699,980 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $53.99 on Friday. The business’s 50-day simple moving average is $55.29 and its two-hundred day simple moving average is $60.98. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market cap of $69.67 billion, a PE ratio of 20.22 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MDLZ. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Royal Bank Of Canada cut their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Piper Sandler reduced their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.26.

About Mondelez International

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.