Strategic Financial Services Inc. Reduces Position in Mondelez International, Inc. $MDLZ

Strategic Financial Services Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 55.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,431 shares of the company’s stock after selling 7,993 shares during the quarter. Strategic Financial Services Inc.’s holdings in Mondelez International were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Hemington Wealth Management grew its holdings in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC lifted its position in Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after purchasing an additional 168 shares during the period. Sage Private Wealth Group LLC lifted its position in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. lifted its position in Mondelez International by 3.7% during the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company’s stock valued at $340,000 after purchasing an additional 179 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.5%

Shares of Mondelez International stock opened at $62.27 on Thursday. The firm has a 50-day simple moving average of $64.78 and a two-hundred day simple moving average of $65.87. The company has a market cap of $80.57 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 4.73 and a beta of 0.44. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s payout ratio is currently 68.86%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.