Olistico Wealth LLC Cuts Position in Mondelez International, Inc. $MDLZ

Olistico Wealth LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 75.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 756 shares of the company’s stock after selling 2,332 shares during the quarter. Olistico Wealth LLC’s holdings in Mondelez International were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Mondelez International Stock Performance

NASDAQ MDLZ opened at $62.67 on Friday. The company has a market capitalization of $81.09 billion, a PE ratio of 22.96, a P/E/G ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The company has a fifty day moving average of $62.78 and a two-hundred day moving average of $65.56. 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 announced its quarterly earnings data 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 company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Piper Sandler increased their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.