Tritonpoint Wealth LLC Buys 633 Shares of Mondelez International, Inc. $MDLZ

Tritonpoint Wealth LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,950 shares of the company’s stock after buying an additional 633 shares during the quarter. Mondelez International comprises approximately 1.0% of Tritonpoint Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Tritonpoint Wealth LLC’s holdings in Mondelez International were worth $11,066,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Mondelez International in the first quarter valued at approximately $866,843,000. Invesco Ltd. raised its holdings in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after purchasing an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after purchasing an additional 89,362 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday. Finally, UBS Group lowered their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.89.

Mondelez International Price Performance

Shares of MDLZ opened at $63.36 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.11. The company has a market cap of $81.98 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44. The company’s fifty day simple moving average is $63.54 and its 200 day simple moving average is $65.63. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 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.