Mondelez International, Inc. $MDLZ Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,068 shares of the company’s stock after buying an additional 8,427 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Mondelez International were worth $10,709,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of Mondelez International by 2.5% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 296,156 shares of the company’s stock worth $17,124,000 after purchasing an additional 7,309 shares during the period. Hartford Financial Management Inc. boosted its position in Mondelez International by 0.5% in the third quarter. Hartford Financial Management Inc. now owns 34,313 shares of the company’s stock valued at $1,984,000 after buying an additional 180 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Mondelez International by 3.8% in the third quarter. Crossmark Global Holdings Inc. now owns 304,210 shares of the company’s stock valued at $17,589,000 after buying an additional 11,226 shares during the last quarter. Sawyer & Company Inc acquired a new position in Mondelez International in the 3rd quarter worth approximately $219,000. Finally, Quadrant Capital Group LLC increased its holdings in Mondelez International by 0.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 37,975 shares of the company’s stock worth $2,335,000 after buying an additional 192 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.75 on Thursday. The firm has a market cap of $80.09 billion, a PE ratio of 23.07, a PEG ratio of 2.48 and a beta of 0.38. The firm has a fifty day moving average of $61.75 and a 200 day moving average of $60.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.52 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Mondelez International’s dividend payout ratio is presently 76.47%.

Insider Buying and Selling at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’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 owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BTIG Research raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their price objective on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. HSBC increased their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. TD Cowen increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.86.

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.