Evergreen Private Wealth LLC Acquires 18,545 Shares of Mondelez International, Inc. $MDLZ

Evergreen Private Wealth LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 27.0% in the fourth quarter, Holdings Channel reports. The firm owned 87,259 shares of the company’s stock after buying an additional 18,545 shares during the quarter. Mondelez International accounts for about 1.9% of Evergreen Private Wealth LLC’s portfolio, making the stock its 26th biggest position. Evergreen Private Wealth LLC’s holdings in Mondelez International were worth $4,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. Asset Management One Co. Ltd. grew its holdings in shares of Mondelez International by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after acquiring an additional 22,194 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Mondelez International by 32.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock valued at $9,240,000 after purchasing an additional 36,037 shares during the period. Jones Financial Companies Lllp grew its holdings in Mondelez International by 8.0% during the third quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock valued at $39,220,000 after purchasing an additional 46,182 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Mondelez International by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,919,719 shares of the company’s stock valued at $121,269,000 after purchasing an additional 196,614 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MDLZ shares. Wells Fargo & Company boosted their price target on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Piper Sandler boosted their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. TD Cowen dropped their price objective on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Bank of America upped their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $66.47.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Mondelez International Trading Down 0.1%

Shares of MDLZ stock opened at $56.06 on Thursday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The stock’s 50 day simple moving average is $58.19 and its two-hundred day simple moving average is $57.59. The company has a market cap of $71.86 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.37.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts predict that Mondelez International, Inc. will post 3.03 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Mondelez International’s dividend payout ratio is 106.38%.

Mondelez International 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.