Fifth Third Wealth Advisors LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Fifth Third Wealth Advisors LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 38.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 36,206 shares of the company’s stock after purchasing an additional 9,970 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Mondelez International were worth $2,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International in the third quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new position in Mondelez International in the 4th quarter worth approximately $25,000. Advocate Investing Services LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $25,000. JPL Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter valued at approximately $32,000. Finally, Kemnay Advisory Services Inc. bought a new position in Mondelez International in the 4th quarter valued at approximately $28,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Bank of America upped their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 10th. Barclays increased their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Trading Down 0.9%

NASDAQ:MDLZ opened at $61.20 on Friday. The company has a market cap of $78.56 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.38. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $60.66 and a two-hundred day simple moving average of $58.43. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend 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.