Canandaigua National Bank & Trust Co. Purchases New Shares in Mondelez International, Inc. $MDLZ

Canandaigua National Bank & Trust Co. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, HoldingsChannel reports. The fund acquired 35,543 shares of the company’s stock, valued at approximately $2,056,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Howard Financial Services LTD. raised its position in shares of Mondelez International by 5.8% during the second quarter. Howard Financial Services LTD. now owns 3,721 shares of the company’s stock worth $215,000 after purchasing an additional 205 shares during the period. Boltwood Capital Management boosted its holdings in shares of Mondelez International by 2.4% in the second quarter. Boltwood Capital Management now owns 13,350 shares of the company’s stock valued at $772,000 after buying an additional 316 shares during the period. CX Institutional increased its position in shares of Mondelez International by 1.1% during the second quarter. CX Institutional now owns 36,241 shares of the company’s stock worth $2,096,000 after acquiring an additional 398 shares in the last quarter. Ballast Advisors LLC acquired a new stake in shares of Mondelez International during the first quarter worth $34,000. Finally, Western Wealth Management LLC bought a new stake in Mondelez International in the 1st quarter valued at $142,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $62.60 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $61.01 and a 200-day moving average of $59.70. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The stock has a market cap of $80.36 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.52 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.50 dividend. 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 73.53%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Barclays lifted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, TD Cowen boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $67.30.

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.