Whittier Trust Co. Sells 9,800 Shares of Mondelez International, Inc. $MDLZ

Whittier Trust Co. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,503 shares of the company’s stock after selling 9,800 shares during the quarter. Whittier Trust Co.’s holdings in Mondelez International were worth $9,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State Street Corp lifted its position in Mondelez International by 1.1% during the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock valued at $4,036,594,000 after purchasing an additional 670,634 shares during the period. Geode Capital Management LLC raised its holdings in Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after acquiring an additional 242,695 shares during the last quarter. Norges Bank purchased a new stake in Mondelez International in the 2nd quarter valued at $1,239,834,000. Invesco Ltd. grew its holdings in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after purchasing an additional 1,345,078 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Mondelez International by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,096,303 shares of the company’s stock valued at $546,015,000 after buying an additional 145,442 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 1.4%

MDLZ stock opened at $58.40 on Monday. The company has a fifty day moving average of $55.34 and a 200-day moving average of $60.00. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a market capitalization of $75.36 billion, a PE ratio of 21.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the firm earned $0.95 EPS. Mondelez International’s revenue was up 5.9% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio is 74.91%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDLZ. Wells Fargo & Company dropped their target price on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Mizuho cut their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.11.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.