Mondelez International, Inc. $MDLZ Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the second quarter, HoldingsChannel reports. The firm owned 2,044,332 shares of the company’s stock after selling 68,524 shares during the period. Mondelez International accounts for 1.8% of Confluence Investment Management LLC’s portfolio, making the stock its 14th largest position. Confluence Investment Management LLC’s holdings in Mondelez International were worth $118,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in Mondelez International in the 4th quarter valued at about $25,000. Advocate Investing Services LLC acquired a new position in shares of Mondelez International in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Mondelez International in the fourth quarter worth about $28,000. High Point Wealth Management LLC purchased a new position in Mondelez International in the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC purchased a new position in Mondelez International in the fourth quarter valued at about $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.9%

NASDAQ:MDLZ opened at $61.73 on Tuesday. The company has a market cap of $79.24 billion, a PE ratio of 22.69, a P/E/G ratio of 2.53 and a beta of 0.38. The business’s 50 day moving average is $60.99 and its two-hundred day moving average is $59.63. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, analysts predict that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is presently 73.53%.

Analyst Ratings Changes

Several research firms have issued reports on MDLZ. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. BNP Paribas Exane increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. Barclays lifted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

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.