Greenfield Savings Bank Trims Holdings in Mondelez International, Inc. $MDLZ

Greenfield Savings Bank reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,362 shares of the company’s stock after selling 1,655 shares during the period. Greenfield Savings Bank’s holdings in Mondelez International were worth $1,103,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC raised its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after acquiring an additional 1,013 shares during the last quarter. Canopy Partners LLC grew its position in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after purchasing an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock valued at $3,039,000 after purchasing an additional 8,544 shares during the last quarter. TCW Group Inc. lifted its position in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after buying an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its position in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after buying an additional 4,002 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MDLZ shares. Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Piper Sandler raised their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. UBS Group lowered their target price on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target on the stock. Finally, Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Trading Down 0.1%

Shares of MDLZ stock opened at $61.98 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.98. The firm’s 50 day moving average price is $64.50 and its two-hundred day moving average price is $65.83. The stock has a market cap of $80.20 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 4.69 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.