Florida Trust Wealth Management Co Has $4.66 Million Stake in Mondelez International, Inc. $MDLZ

Florida Trust Wealth Management Co trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,498 shares of the company’s stock after selling 22,323 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Mondelez International were worth $4,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. boosted its holdings in Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after acquiring an additional 172 shares in the last quarter. Financial Perspectives Inc raised its position in shares of Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the period. Acorn Wealth Advisors LLC grew its position in Mondelez International by 4.8% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock valued at $259,000 after purchasing an additional 189 shares during the period. Mccarter Private Wealth Services LLC grew its position in Mondelez International by 3.9% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after purchasing an additional 190 shares during the period. Finally, 1620 Investment Advisors Inc. increased its stake in Mondelez International by 1.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 12,232 shares of the company’s stock valued at $764,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDLZ. TD Cowen dropped their price objective on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. UBS Group lowered their target price on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Mizuho decreased their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.00.

Insider Activity

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.54 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock’s fifty day moving average price is $58.66 and its two-hundred day moving average price is $58.09. The firm has a market cap of $73.76 billion, a PE ratio of 30.61, a PEG ratio of 2.45 and a beta of 0.37.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.32 billion. During the same quarter last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities research analysts forecast 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 Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

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.