Crossmark Global Holdings Inc. Buys 11,226 Shares of Mondelez International, Inc. $MDLZ

Crossmark Global Holdings Inc. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,210 shares of the company’s stock after buying an additional 11,226 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mondelez International were worth $17,589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in Mondelez International by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock worth $20,527,000 after purchasing an additional 17,248 shares during the last quarter. First Trust Advisors LP lifted its stake in Mondelez International by 10.1% in the 1st quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after purchasing an additional 103,778 shares in the last quarter. Ethic Inc. grew its position in shares of Mondelez International by 21.5% in the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock valued at $13,613,000 after purchasing an additional 41,601 shares in the last quarter. Amundi lifted its position in Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after buying an additional 494,996 shares in the last quarter. Finally, National Pension Service grew its holdings in Mondelez International by 1.8% in the 2nd quarter. National Pension Service now owns 3,464,597 shares of the company’s stock valued at $200,392,000 after buying an additional 60,973 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.9%

Shares of NASDAQ:MDLZ opened at $62.75 on Thursday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The firm’s 50-day simple moving average is $61.75 and its 200-day simple moving average is $60.95. The company has a market cap of $80.09 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.48 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. Mondelez International’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, September 30th. Mondelez International’s dividend payout ratio is currently 76.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Barclays boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Piper Sandler increased their price target on shares of Mondelez International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. BTIG Research raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, HSBC boosted their price target on shares of Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.86.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.