Evansbrook LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,969 shares of the company’s stock, valued at approximately $483,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. J.Safra Asset Management Corp purchased a new position in Mondelez International during the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Mondelez International in the 3rd quarter worth approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International in the 4th quarter worth approximately $28,000. Finally, High Point Wealth Management LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on MDLZ. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Barclays increased their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America raised their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.05.
Mondelez International Stock Performance
NASDAQ MDLZ opened at $60.10 on Friday. The company has a market cap of $77.15 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.38. The stock’s 50 day simple moving average is $60.43 and its 200-day simple moving average is $58.26. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is 99.50%.
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.
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