CX Institutional Reduces Stock Position in Mondelez International, Inc. $MDLZ

CX Institutional decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 56.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,788 shares of the company’s stock after selling 72,136 shares during the quarter. CX Institutional’s holdings in Mondelez International were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC purchased a new position in shares of Mondelez International during the second quarter valued at approximately $1,336,000. Asset Management One Co. Ltd. raised its holdings in Mondelez International by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after acquiring an additional 22,194 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Mondelez International by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after purchasing an additional 7,914 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Mondelez International by 70.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after purchasing an additional 193,956 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in shares of Mondelez International by 324.5% during the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after purchasing an additional 1,699,980 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $51.51 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 market cap of $66.47 billion, a PE ratio of 19.29 and a beta of 0.39. The company’s fifty day simple moving average is $55.37 and its 200-day simple moving average is $61.03. Mondelez International, Inc. has a 52 week low of $51.44 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.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. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDLZ shares. Royal Bank Of Canada dropped their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Piper Sandler cut their price objective on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. UBS Group decreased their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.83.

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.