Florida Trust Wealth Management Co Decreases Holdings in Mondelez International, Inc. $MDLZ

Florida Trust Wealth Management Co lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,821 shares of the company’s stock after selling 17,634 shares during the period. Florida Trust Wealth Management Co’s holdings in Mondelez International were worth $6,798,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MDLZ. AlphaStar Capital Management LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth approximately $1,336,000. Asset Management One Co. Ltd. lifted its position 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 worth $45,411,000 after buying an additional 22,194 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 7,914 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after buying an additional 193,956 shares during the period. Finally, Confluence Investment Management LLC increased its position in Mondelez International by 324.5% during the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after acquiring an additional 1,699,980 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.1%

Shares of NASDAQ MDLZ opened at $57.24 on Monday. 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 $73.86 billion, a price-to-earnings ratio of 21.44 and a beta of 0.39. The stock has a 50 day moving average price of $55.26 and a 200 day moving average price of $60.38. 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 issued 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). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $9.74 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson lowered their target price on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Mizuho decreased their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Bank of America cut their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Sanford C. Bernstein decreased their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.