GWN Securities Inc. Has $2.75 Million Stake in Mondelez International, Inc. $MDLZ

GWN Securities Inc. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 50.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,888 shares of the company’s stock after selling 45,416 shares during the period. GWN Securities Inc.’s holdings in Mondelez International were worth $2,751,000 at the end of the most recent quarter.

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

Mondelez International Stock Up 1.9%

Shares of MDLZ opened at $55.94 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The company has a 50-day simple moving average of $55.21 and a 200-day simple moving average of $60.62. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The firm has a market capitalization of $72.18 billion, a P/E ratio of 20.95 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The firm had revenue of $9.74 billion for the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.6%. Mondelez International’s payout ratio is currently 74.91%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Wells Fargo & Company dropped their price objective on Mondelez International from $72.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. DA Davidson cut their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Piper Sandler lowered their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.