Elevation Point Wealth Partners LLC Grows Holdings in Mondelez International, Inc. $MDLZ

Elevation Point Wealth Partners LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 83.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,292 shares of the company’s stock after purchasing an additional 13,799 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Mondelez International were worth $1,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bollard Group LLC boosted its position in Mondelez International by 0.7% during the third quarter. Bollard Group LLC now owns 31,458 shares of the company’s stock worth $1,965,000 after acquiring an additional 220 shares during the last quarter. Crawford Investment Counsel Inc. raised its holdings in Mondelez International by 2.5% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 753,431 shares of the company’s stock valued at $47,067,000 after acquiring an additional 18,152 shares during the last quarter. Cannell & Spears LLC lifted its stake in shares of Mondelez International by 5.3% during the 3rd quarter. Cannell & Spears LLC now owns 626,795 shares of the company’s stock worth $39,156,000 after purchasing an additional 31,813 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of Mondelez International by 6.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 6,811 shares of the company’s stock worth $425,000 after purchasing an additional 438 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Mondelez International by 76.9% during the third quarter. Ausdal Financial Partners Inc. now owns 5,342 shares of the company’s stock worth $334,000 after purchasing an additional 2,323 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. The trade was a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Mondelez International Stock Up 1.0%

Shares of NASDAQ MDLZ opened at $54.89 on Monday. The stock has a market capitalization of $70.36 billion, a PE ratio of 29.20, a P/E/G ratio of 2.29 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $58.23 and a 200-day moving average of $58.54. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, analysts anticipate 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 Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 106.38%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Piper Sandler upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.06.

Mondelez International Company 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.