VCI Wealth Management LLC Buys Shares of 18,011 Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

VCI Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,011 shares of the company’s stock, valued at approximately $970,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares during the period. Capital International Investors grew its holdings in Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after acquiring an additional 6,958,868 shares during the period. Van ECK Associates Corp raised its position in shares of Mondelez International by 103.2% in the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after acquiring an additional 2,637,287 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Mondelez International by 2,080.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after purchasing an additional 2,353,841 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Mondelez International by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock valued at $297,694,000 after purchasing an additional 1,849,482 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Bank of America boosted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Finally, BTIG Research assumed coverage on Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $66.47.

Read Our Latest Research Report on Mondelez International

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Mondelez International Stock Up 0.3%

MDLZ stock traded up $0.18 during midday trading on Friday, reaching $57.25. 8,239,918 shares of the company’s stock traded hands, compared to its average volume of 9,060,576. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $58.46 and its 200-day moving average price is $57.72. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The company has a market cap of $73.39 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.42 and a beta of 0.37.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

Mondelez International Company Profile

(Free Report)

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.

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