Howe & Rusling Inc. Acquires 44,144 Shares of Mondelez International, Inc. $MDLZ

Howe & Rusling Inc. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 29.4% during the first quarter, Holdings Channel reports. The institutional investor owned 194,166 shares of the company’s stock after purchasing an additional 44,144 shares during the quarter. Howe & Rusling Inc.’s holdings in Mondelez International were worth $11,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. J.Safra Asset Management Corp bought a new position in Mondelez International during the 4th quarter worth approximately $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International in the third quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International during the 4th quarter valued at $28,000. Finally, High Point Wealth Management LLC bought a new stake in Mondelez International in the 4th quarter worth $30,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $60.91 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The firm has a market capitalization of $78.19 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.39 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $61.05 and a two-hundred day simple moving average of $58.65.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Barclays upped their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. TD Cowen lifted their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, UBS Group lifted their price target on shares of 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, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.05.

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.