CIBC Bancorp USA Inc. Makes New $30.10 Million Investment in Mondelez International, Inc. $MDLZ

CIBC Bancorp USA Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 481,797 shares of the company’s stock, valued at approximately $30,098,000.

A number of other hedge funds also recently made changes to their positions in MDLZ. Soundwatch Capital LLC bought a new position in shares of Mondelez International during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the period. JPL Wealth Management LLC bought a new stake in Mondelez International in the third quarter valued at about $32,000. Halbert Hargrove Global Advisors LLC raised its position in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new position in Mondelez International in the second quarter worth about $37,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $56.47 on Thursday. The stock has a market capitalization of $72.39 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 2.42 and a beta of 0.38. The firm’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $58.47. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. Mondelez International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Argus raised Mondelez International to a “hold” rating in a report on Thursday, February 12th. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Bank of America decreased their price target 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. Finally, TD Cowen lowered their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.44.

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.