Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 1,324 Shares of Mondelez International, Inc. $MDLZ

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,124 shares of the company’s stock after selling 1,324 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Mondelez International were worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Hemington Wealth Management lifted its holdings in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after acquiring an additional 156 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after purchasing an additional 168 shares during the last quarter. Enterprise Bank & Trust Co raised its stake in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after acquiring an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC raised its stake in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $62.67 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The company has a fifty day simple moving average of $62.78 and a 200 day simple moving average of $65.57. The stock has a market cap of $81.09 billion, a P/E ratio of 22.96, a P/E/G ratio of 4.74 and a beta of 0.45.

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, topping 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 company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the company 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, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.80.

Mondelez International Profile

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.