Tritonpoint Wealth LLC Sells 28,827 Shares of Mondelez International, Inc. $MDLZ

by · The Markets Daily

Tritonpoint Wealth LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 17.4% in the 4th quarter, HoldingsChannel reports. The firm owned 136,769 shares of the company’s stock after selling 28,827 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Mondelez International were worth $7,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. United Bank boosted its stake in Mondelez International by 13.2% in the second quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after acquiring an additional 3,070 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $64,000. EverSource Wealth Advisors LLC grew its position in shares of Mondelez International by 62.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13,326 shares of the company’s stock valued at $899,000 after acquiring an additional 5,131 shares during the period. Finally, Great Diamond Partners LLC purchased a new stake in shares of Mondelez International during the 2nd quarter worth approximately $246,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MDLZ. Sanford C. Bernstein lowered their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Morgan Stanley boosted their target price on Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. UBS Group dropped their price target on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, TD Cowen cut their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.00.

View Our Latest Research Report on Mondelez International

Insiders Place Their Bets

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.54 on Friday. The stock has a market capitalization of $73.76 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.45 and a beta of 0.37. The company’s fifty day simple moving average is $58.66 and its two-hundred day simple moving average is $58.13. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.

Mondelez International 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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