NBT Bank N A NY Sells 3,574 Shares of Mondelez International, Inc. $MDLZ

NBT Bank N A NY reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 55,231 shares of the company’s stock after selling 3,574 shares during the quarter. NBT Bank N A NY’s holdings in Mondelez International were worth $3,725,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. boosted its position in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Mondelez International during the first quarter valued at approximately $189,930,000. Finally, Natixis Advisors LLC boosted its position in shares of Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after purchasing an additional 1,775,570 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.3%

MDLZ stock opened at $62.60 on Wednesday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70. The business has a fifty day moving average price of $62.48 and a 200-day moving average price of $65.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market capitalization of $81.00 billion, a P/E ratio of 22.93, a P/E/G ratio of 4.68 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MDLZ. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.