Whittier Trust Co. Raises Stake in Mondelez International, Inc. $MDLZ

Whittier Trust Co. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.6% during the second quarter, Holdings Channel reports. The fund owned 161,538 shares of the company’s stock after buying an additional 29,780 shares during the period. Whittier Trust Co.’s holdings in Mondelez International were worth $9,558,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Mondelez International during the 4th quarter valued at $28,000. High Point Wealth Management LLC bought a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, McIlrath & Eck LLC purchased a new position in Mondelez International in the 4th quarter worth $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. TD Cowen raised their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Mondelez International in a report on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, UBS Group increased their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $63.53 on Friday. The company’s fifty day simple moving average is $61.14 and its two-hundred day simple moving average is $59.90. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The firm has a market cap of $81.08 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.53 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Mondelez International’s dividend payout ratio is presently 73.53%.

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.