Triangle Securities Wealth Management Has $289,000 Position in Mondelez International, Inc. $MDLZ

Triangle Securities Wealth Management reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,279 shares of the company’s stock after selling 1,805 shares during the period. Triangle Securities Wealth Management’s holdings in Mondelez International were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Brighton Jones LLC grew its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock valued at $20,009,000 after purchasing an additional 3,706 shares during the period. State of Wyoming boosted its holdings in Mondelez International by 882.4% in the 4th quarter. State of Wyoming now owns 4,362 shares of the company’s stock valued at $261,000 after purchasing an additional 3,918 shares during the period. Two Sigma Investments LP boosted its holdings in Mondelez International by 312.7% in the 4th quarter. Two Sigma Investments LP now owns 176,412 shares of the company’s stock valued at $10,537,000 after purchasing an additional 133,671 shares during the period. Finally, Woodline Partners LP bought a new stake in Mondelez International in the 4th quarter valued at about $4,797,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7%

Shares of NASDAQ MDLZ opened at $63.71 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.49. The firm has a 50 day moving average price of $64.02 and a two-hundred day moving average price of $65.76. The stock has a market cap of $82.44 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 4.79 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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 net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 68.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on MDLZ shares. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price for the company. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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.