BankPlus Trust Department Sells 323 Shares of Mondelez International, Inc. $MDLZ

BankPlus Trust Department decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,693 shares of the company’s stock after selling 323 shares during the quarter. BankPlus Trust Department’s holdings in Mondelez International were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MDLZ. Brighton Jones LLC raised its position in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in Mondelez International in the 1st quarter worth about $228,000. Farther Finance Advisors LLC raised its position in Mondelez International by 32.2% in the 1st quarter. Farther Finance Advisors LLC now owns 15,926 shares of the company’s stock worth $1,077,000 after buying an additional 3,879 shares during the last quarter. Pallas Capital Advisors LLC raised its position in Mondelez International by 15.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 10,567 shares of the company’s stock worth $717,000 after buying an additional 1,452 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Mondelez International by 9.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 22,134 shares of the company’s stock worth $1,502,000 after buying an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.5%

Mondelez International stock opened at $61.66 on Thursday. The firm has a 50 day moving average of $62.41 and a 200 day moving average of $65.50. The firm has a market capitalization of $79.78 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date 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 is currently 73.26%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MDLZ. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Barclays upped their price target 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. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, UBS Group reduced their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.55.

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.