Wealthfront Advisers LLC Acquires 61,522 Shares of Mondelez International, Inc. $MDLZ

Wealthfront Advisers LLC raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 48.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,026 shares of the company’s stock after acquiring an additional 61,522 shares during the quarter. Wealthfront Advisers LLC’s holdings in Mondelez International were worth $11,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Soundwatch Capital LLC purchased a new position in Mondelez International during the second quarter valued at $27,000. Rossby Financial LCC raised its stake in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares in the last quarter. Aspect Partners LLC grew its stake in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after acquiring an additional 196 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. UBS Group lowered their price target 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. Wells Fargo & Company raised their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Finally, Bank of America lowered their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.44.

Mondelez International Stock Down 0.1%

Shares of MDLZ stock opened at $60.68 on Wednesday. The company’s fifty day simple moving average is $56.02 and its two-hundred day simple moving average is $59.18. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market cap of $78.30 billion, a P/E ratio of 32.28, a PEG ratio of 2.53 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.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s dividend payout ratio is 106.38%.

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.