Commonwealth Equity Services LLC Cuts Holdings in Mondelez International, Inc. $MDLZ

Commonwealth Equity Services LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,804 shares of the company’s stock after selling 43,117 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mondelez International were worth $24,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Asset Management One Co. Ltd. raised its holdings in shares of Mondelez International by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after acquiring an additional 22,194 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in Mondelez International by 0.6% in the third quarter. Alpha Omega Wealth Management LLC now owns 82,786 shares of the company’s stock worth $5,172,000 after purchasing an additional 521 shares during the last quarter. InTrack Investment Management Inc raised its stake in Mondelez International by 25.3% during the third quarter. InTrack Investment Management Inc now owns 8,380 shares of the company’s stock valued at $523,000 after purchasing an additional 1,690 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Mondelez International by 0.8% during the third quarter. Gateway Investment Advisers LLC now owns 726,446 shares of the company’s stock valued at $45,381,000 after purchasing an additional 5,957 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in Mondelez International by 11.0% during the third quarter. Penobscot Investment Management Company Inc. now owns 48,449 shares of the company’s stock valued at $3,027,000 after purchasing an additional 4,800 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Bank of America reduced their price objective 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. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Finally, Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Fourteen 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.26.

Mondelez International Trading Up 4.8%

MDLZ opened at $53.99 on Friday. 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 stock’s 50 day moving average price is $55.29 and its 200-day moving average price is $60.98. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 20.22 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 company had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued 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 3.7%. Mondelez International’s dividend payout ratio is presently 74.91%.

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.