Independent Financial Group LLC Invests $603,000 in Mondelez International, Inc. $MDLZ

Independent Financial Group LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,466 shares of the company’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. OLD Republic International Corp increased its holdings in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after buying an additional 252,700 shares during the last quarter. Allstate Corp lifted its holdings in shares of Mondelez International by 107.7% in the 4th quarter. Allstate Corp now owns 97,522 shares of the company’s stock valued at $5,250,000 after acquiring an additional 50,562 shares during the last quarter. VCI Wealth Management LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $970,000. BNP Paribas Financial Markets grew its position in Mondelez International by 41.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock worth $215,677,000 after acquiring an additional 1,166,036 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new position in Mondelez International in the fourth quarter worth about $2,629,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent research reports. UBS Group upped their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Barclays boosted their target price on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Bank of America increased their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Rothschild & Co Redburn restated a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.44.

Mondelez International Stock Performance

Mondelez International stock opened at $60.86 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a market capitalization of $78.12 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 2.48 and a beta of 0.39. The company’s 50-day moving average is $60.89 and its 200 day moving average is $59.17.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) 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 business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid 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 of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is currently 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.