Mondelez International, Inc. $MDLZ Shares Acquired by Conning Inc.

Conning Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 530,702 shares of the company’s stock after acquiring an additional 11,778 shares during the quarter. Conning Inc.’s holdings in Mondelez International were worth $33,153,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank boosted its position in shares of Mondelez International by 2.0% during the third quarter. Eastern Bank now owns 268,975 shares of the company’s stock worth $16,803,000 after buying an additional 5,211 shares during the period. Kera Capital Partners Inc. boosted its holdings in Mondelez International by 12.4% during the 3rd quarter. Kera Capital Partners Inc. now owns 5,639 shares of the company’s stock valued at $352,000 after acquiring an additional 621 shares during the period. Retirement Planning Group LLC purchased a new position in Mondelez International during the 3rd quarter valued at about $206,000. Exencial Wealth Advisors LLC grew its position in Mondelez International by 14.3% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 6,054 shares of the company’s stock valued at $378,000 after acquiring an additional 758 shares in the last quarter. Finally, Sage Private Wealth Group LLC increased its stake in Mondelez International by 12.7% during the third quarter. Sage Private Wealth Group LLC now owns 5,826 shares of the company’s stock worth $364,000 after purchasing an additional 657 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $57.23 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $55.23 and a 200-day simple moving average of $60.59. The stock has a market cap of $73.85 billion, a P/E ratio of 21.43 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 business had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s payout ratio is presently 74.91%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. TD Cowen cut their price objective on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Fourteen 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.