Moran Wealth Management LLC Cuts Stock Holdings in Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

Moran Wealth Management LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 54.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,860 shares of the company’s stock after selling 90,326 shares during the quarter. Moran Wealth Management LLC’s holdings in Mondelez International were worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. AlphaStar Capital Management LLC acquired a new stake in Mondelez International during the 2nd quarter valued at $1,336,000. Asset Management One Co. Ltd. lifted its position in shares of Mondelez International by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after acquiring an additional 22,194 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Mondelez International by 43.2% during the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after acquiring an additional 7,914 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Mondelez International by 70.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after purchasing an additional 193,956 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after purchasing an additional 1,699,980 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Piper Sandler reduced their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Mizuho dropped their target price on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.26.

Check Out Our Latest Analysis on MDLZ

Mondelez International Stock Performance

Mondelez International stock opened at $53.99 on Friday. The company has a market cap of $69.67 billion, a price-to-earnings ratio of 20.22 and a beta of 0.39. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The stock’s 50-day moving average is $55.29 and its 200-day moving average is $60.98.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

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.

Further Reading

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