United Asset Strategies Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 140.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,416 shares of the company’s stock after purchasing an additional 9,006 shares during the period. United Asset Strategies Inc.’s holdings in Mondelez International were worth $889,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new stake in Mondelez International in the 4th quarter worth about $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $28,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MDLZ has been the subject of a number of recent analyst reports. Rothschild & Co Redburn restated a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. UBS Group lifted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Finally, Barclays lifted 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Mondelez International Trading Up 1.8%
Shares of MDLZ stock opened at $60.22 on Wednesday. The business has a 50-day moving average price of $61.13 and a two-hundred day moving average price of $58.76. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm has a market cap of $77.30 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.32 and a beta of 0.39.
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 for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. Mondelez International’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Mondelez International Announces Dividend
The company 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 $0.50 dividend. 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 presently 99.50%.
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.
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