Commerzbank Aktiengesellschaft FI Buys 56,510 Shares of Mondelez International, Inc. $MDLZ

Commerzbank Aktiengesellschaft FI increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 506,407 shares of the company’s stock after purchasing an additional 56,510 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Mondelez International were worth $31,635,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $1,239,834,000. First Trust Advisors LP grew its holdings in Mondelez International by 197.9% during the second 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 during the period. Corient Private Wealth LLC grew its holdings in Mondelez International by 88.1% during the second 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 during the period. Confluence Investment Management LLC increased its stake in Mondelez International by 324.5% in the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after purchasing an additional 1,699,980 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Mizuho decreased their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Royal Bank Of Canada lowered their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Sanford C. Bernstein dropped their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus decreased their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International Trading Up 1.4%

NASDAQ:MDLZ opened at $58.40 on Friday. The company has a market cap of $75.36 billion, a P/E ratio of 21.87 and a beta of 0.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The business has a 50 day moving average price of $55.34 and a two-hundred day moving average price of $60.05. 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 posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the business earned $0.95 earnings per share. Mondelez International’s revenue for the quarter was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

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.