Franklin Street Advisors Inc. NC Sells 523 Shares of Mondelez International, Inc. $MDLZ

Franklin Street Advisors Inc. NC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,420 shares of the company’s stock after selling 523 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Mondelez International were worth $635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its position in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after acquiring an additional 1,013 shares during the period. Canopy Partners LLC raised its stake in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after buying an additional 2,876 shares in the last quarter. TCW Group Inc. raised its stake in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after buying an additional 1,075 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock valued at $738,000 after buying an additional 4,002 shares in the last quarter. Finally, CORDA Investment Management LLC. raised its stake in shares of Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after buying an additional 8,456 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $62.67 on Friday. The company has a market capitalization of $81.09 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 4.67 and a beta of 0.45. The firm’s 50 day simple moving average is $62.78 and its 200 day simple moving average is $65.55. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Piper Sandler increased their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $71.80.

Mondelez International Company Profile

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.