Moody National Bank Trust Division Sells 1,274 Shares of Mondelez International, Inc. $MDLZ

Moody National Bank Trust Division trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,623 shares of the company’s stock after selling 1,274 shares during the period. Moody National Bank Trust Division’s holdings in Mondelez International were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the 1st quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. bought a new position in shares of Mondelez International in the 1st quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target on the stock. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. UBS Group reduced their target price on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Stock Performance

MDLZ opened at $63.71 on Friday. The business’s 50-day moving average price is $64.02 and its two-hundred day moving average price is $65.76. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.49. The company has a market capitalization of $82.44 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 4.79 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is 68.86%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.