Storen Legacy Partners LLC Makes New $619,000 Investment in Mondelez International, Inc. $MDLZ

Storen Legacy Partners LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,500 shares of the company’s stock, valued at approximately $619,000.

Other hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new stake in Mondelez International during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International in the 4th quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in Mondelez International in the 3rd quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in Mondelez International in the 4th quarter valued at about $28,000. Finally, High Point Wealth Management LLC purchased a new position in Mondelez International in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Bank of America lifted their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Barclays raised their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Trading Down 0.0%

NASDAQ MDLZ opened at $60.10 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $58.27. The firm has a market capitalization of $77.15 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Mondelez International’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 99.50%.

Mondelez International Company Profile

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.