Quilter Plc Has $74.62 Million Position in Mondelez International, Inc. $MDLZ

Quilter Plc lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,194,501 shares of the company’s stock after acquiring an additional 70,401 shares during the period. Mondelez International makes up approximately 1.3% of Quilter Plc’s holdings, making the stock its 27th biggest holding. Quilter Plc owned 0.09% of Mondelez International worth $74,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Brighton Jones LLC increased its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares in the last quarter. McAdam LLC increased its holdings in shares of Mondelez International by 18.7% in the second quarter. McAdam LLC now owns 4,376 shares of the company’s stock worth $295,000 after acquiring an additional 688 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Mondelez International by 3.1% during the second quarter. Perigon Wealth Management LLC now owns 13,124 shares of the company’s stock worth $885,000 after purchasing an additional 393 shares during the period. Banque Pictet & Cie SA raised its position in shares of Mondelez International by 8.0% during the second quarter. Banque Pictet & Cie SA now owns 105,836 shares of the company’s stock worth $7,138,000 after purchasing an additional 7,869 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in shares of Mondelez International by 1.4% during the 2nd quarter. Congress Asset Management Co. now owns 142,017 shares of the company’s stock valued at $9,578,000 after purchasing an additional 2,013 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MDLZ shares. UBS Group dropped their target price on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Piper Sandler dropped their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. TD Cowen reduced their price objective on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $58.40 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a 50 day moving average price of $55.34 and a 200 day moving average price of $60.05. The stock has a market capitalization of $75.36 billion, a PE ratio of 21.87 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 quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $9.74 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s payout ratio is currently 74.91%.

About Mondelez International

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.