CWA Asset Management Group LLC Sells 11,751 Shares of Mondelez International, Inc. $MDLZ

CWA Asset Management Group LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 67.4% during the third quarter, Holdings Channel reports. The institutional investor owned 5,691 shares of the company’s stock after selling 11,751 shares during the period. CWA Asset Management Group LLC’s holdings in Mondelez International were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Mondelez International during the second quarter worth approximately $1,239,834,000. First Trust Advisors LP increased its stake in Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after purchasing an additional 2,701,229 shares in the last quarter. Corient Private Wealth LLC increased its stake in Mondelez International by 88.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock valued at $290,862,000 after purchasing an additional 2,020,135 shares in the last quarter. Confluence Investment Management LLC raised its holdings 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 worth $138,928,000 after buying an additional 1,699,980 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after buying an additional 1,345,078 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $53.99 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The stock’s 50 day moving average price is $55.29 and its 200-day moving average price is $60.98. The company has a market capitalization of $69.67 billion, a PE ratio of 20.22 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s payout ratio is presently 74.91%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Stifel Nicolaus decreased their target price 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. Royal Bank Of Canada cut their price target 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. Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their price target on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a report on Monday. Fourteen 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.26.

Mondelez International 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.