Moran Wealth Management LLC Decreases Holdings in Mondelez International, Inc. $MDLZ

Moran Wealth Management LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 54.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 74,860 shares of the company’s stock after selling 90,326 shares during the quarter. Moran Wealth Management LLC’s holdings in Mondelez International were worth $4,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Soundwatch Capital LLC purchased a new position in Mondelez International in the second quarter valued at approximately $27,000. Rossby Financial LCC lifted its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Aspect Partners LLC boosted its holdings in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the 2nd quarter valued at $33,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. DA Davidson decreased their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Piper Sandler reduced their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Royal Bank Of Canada dropped their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. UBS Group cut their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.26.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $53.99 on Friday. The stock’s 50-day moving average price is $55.29 and its 200 day moving average price is $60.98. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $69.67 billion, a PE ratio of 20.22 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s payout ratio is currently 74.91%.

Mondelez International 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.