Park Avenue Securities LLC Raises Stock Position in Mondelez International, Inc. $MDLZ

Park Avenue Securities LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 39.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,577 shares of the company’s stock after purchasing an additional 10,353 shares during the quarter. Park Avenue Securities LLC’s holdings in Mondelez International were worth $2,285,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. SCS Capital Management LLC purchased a new position in Mondelez International during the first quarter worth approximately $285,000. Integrity Alliance LLC. acquired a new stake in Mondelez International in the first quarter valued at approximately $390,000. Belpointe Asset Management LLC increased its position in shares of Mondelez International by 15.9% in the first quarter. Belpointe Asset Management LLC now owns 9,788 shares of the company’s stock valued at $664,000 after buying an additional 1,346 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Mondelez International by 14.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,771 shares of the company’s stock worth $392,000 after buying an additional 741 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 2.0%

Shares of MDLZ stock opened at $55.09 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company has a 50 day moving average price of $55.25 and a 200 day moving average price of $60.84. 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 has a market capitalization of $71.09 billion, a P/E ratio of 20.63 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion for the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Mondelez International’s dividend payout ratio is 74.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MDLZ shares. Evercore ISI dropped their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Barclays cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Finally, TD Cowen decreased their target price 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. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus 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.