13,064 Shares of Mondelez International, Inc. $MDLZ Purchased by USA Financial Formulas

USA Financial Formulas bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,064 shares of the company’s stock, valued at approximately $755,000.

A number of other hedge funds have also recently modified their holdings of MDLZ. Kintegral Advisory LLC grew its holdings in Mondelez International by 0.6% during the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after acquiring an additional 159 shares during the period. Strategy Asset Managers LLC raised its position in Mondelez International by 2.2% during the third quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock valued at $434,000 after acquiring an additional 160 shares in the last quarter. WealthPlan Investment Management LLC lifted its holdings in Mondelez International by 3.2% in the third quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock valued at $296,000 after acquiring an additional 160 shares during the period. Whipplewood Advisors LLC lifted its holdings in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group lifted their target price on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company cut their target price on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Barclays boosted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.86.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Mondelez International Trading Up 1.4%

MDLZ stock opened at $63.91 on Friday. The company’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $60.80. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The firm has a market cap of $81.57 billion, a P/E ratio of 23.50, a PEG ratio of 2.52 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The firm 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 earned $0.73 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is currently 76.47%.

Mondelez International Company Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.