Tyche Wealth Partners LLC Sells 1,044 Shares of Mondelez International, Inc. $MDLZ

Tyche Wealth Partners LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,548 shares of the company’s stock after selling 1,044 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Mondelez International were worth $442,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its holdings in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC increased its holdings in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the last quarter. TCW Group Inc. increased its holdings in shares of 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 purchasing an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after acquiring an additional 4,002 shares in the last quarter. Finally, CORDA Investment Management LLC. grew its position in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after acquiring an additional 8,456 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 1.4%

Shares of NASDAQ:MDLZ opened at $61.78 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The business has a 50 day simple moving average of $62.62 and a two-hundred day simple moving average of $65.55. The firm has a market capitalization of $79.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. 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 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 business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is a boost 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 of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is presently 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $71.75.

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.