Mondelez International, Inc. $MDLZ Position Increased by Liberty One Investment Management LLC

Liberty One Investment Management LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 101.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,637 shares of the company’s stock after purchasing an additional 397,520 shares during the quarter. Mondelez International makes up approximately 2.8% of Liberty One Investment Management LLC’s holdings, making the stock its 22nd biggest position. Liberty One Investment Management LLC’s holdings in Mondelez International were worth $49,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Mondelez International by 14.7% in the first quarter. Geneos Wealth Management Inc. now owns 5,771 shares of the company’s stock valued at $392,000 after acquiring an additional 741 shares during the last quarter. Jones Financial Companies Lllp grew its position in Mondelez International by 25.3% in the first quarter. Jones Financial Companies Lllp now owns 506,817 shares of the company’s stock worth $34,349,000 after acquiring an additional 102,290 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Mondelez International during the 1st quarter worth $363,000. Finally, Inspire Investing LLC bought a new position in shares of Mondelez International during the 1st quarter valued at $312,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler cut their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Barclays cut their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. DA Davidson lowered their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Royal Bank Of Canada dropped their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.26.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $54.92 on Tuesday. The company’s fifty day moving average is $55.21 and its two-hundred day moving average is $60.70. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The firm has a market capitalization of $70.87 billion, a price-to-earnings ratio of 20.57 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $9.74 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.