Mondelez International, Inc. $MDLZ Shares Acquired by Conning Inc.

Conning Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 530,702 shares of the company’s stock after acquiring an additional 11,778 shares during the period. Conning Inc.’s holdings in Mondelez International were worth $33,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eastern Bank boosted its stake in Mondelez International by 2.0% in the third quarter. Eastern Bank now owns 268,975 shares of the company’s stock valued at $16,803,000 after acquiring an additional 5,211 shares in the last quarter. Kera Capital Partners Inc. lifted its holdings in shares of Mondelez International by 12.4% in the 3rd quarter. Kera Capital Partners Inc. now owns 5,639 shares of the company’s stock valued at $352,000 after purchasing an additional 621 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $206,000. Exencial Wealth Advisors LLC grew its stake in Mondelez International by 14.3% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 6,054 shares of the company’s stock worth $378,000 after buying an additional 758 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its stake in Mondelez International by 12.7% during the 3rd quarter. Sage Private Wealth Group LLC now owns 5,826 shares of the company’s stock worth $364,000 after buying an additional 657 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDLZ shares. Mizuho reduced their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. TD Cowen reduced their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Bank of America dropped their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.23 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 21.43 and a beta of 0.39. The firm’s fifty day moving average price is $55.23 and its 200 day moving average price is $60.59. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). The firm had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s payout ratio is currently 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.