Mondelez International, Inc. $MDLZ Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 56.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,606 shares of the company’s stock after selling 12,338 shares during the quarter. CoreCap Advisors LLC’s holdings in Mondelez International were worth $600,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter worth about $27,000. Rossby Financial LCC boosted its stake in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC grew its holdings in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the period. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the 2nd quarter worth approximately $33,000. Finally, Halbert Hargrove Global Advisors LLC increased its stake in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $55.09 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company’s 50 day simple moving average is $55.25 and its 200 day simple moving average is $60.84. The company has a market capitalization of $71.09 billion, a price-to-earnings ratio of 20.63 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.6%. Mondelez International’s dividend payout ratio is 74.91%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. TD Cowen decreased their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America decreased their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. UBS Group lowered their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Finally, Mizuho reduced their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.26.

Mondelez International 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.