Florida Trust Wealth Management Co Sells 8,503 Shares of Mondelez International, Inc. $MDLZ

Florida Trust Wealth Management Co trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,868 shares of the company’s stock after selling 8,503 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Mondelez International were worth $3,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new position in shares of Mondelez International in the 4th quarter valued at about $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International during the fourth quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International in the fourth quarter valued at approximately $28,000. High Point Wealth Management LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $30,000. Finally, McIlrath & Eck LLC bought a new position in Mondelez International in the fourth quarter valued at approximately $30,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MDLZ. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. BNP Paribas Exane raised their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Stock Up 2.2%

Shares of NASDAQ MDLZ opened at $63.53 on Friday. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a market cap of $81.08 billion, a P/E ratio of 23.36, a P/E/G ratio of 2.53 and a beta of 0.38. The firm has a 50 day moving average price of $61.14 and a 200 day moving average price of $59.90.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. Mondelez International’s payout ratio is currently 73.53%.

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.