Trust Co. of Vermont Buys New Position in Mondelez International, Inc. $MDLZ

Trust Co. of Vermont bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, HoldingsChannel reports. The firm bought 71,765 shares of the company’s stock, valued at approximately $4,151,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Focused Wealth Management Inc purchased a new position in Mondelez International in the 2nd quarter worth approximately $292,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Mondelez International by 7.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,248,216 shares of the company’s stock valued at $187,877,000 after buying an additional 221,911 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Mondelez International by 9.4% during the 2nd quarter. OneDigital Investment Advisors LLC now owns 13,361 shares of the company’s stock valued at $773,000 after buying an additional 1,148 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Mondelez International by 23.0% during the 2nd quarter. Simplicity Wealth LLC now owns 13,275 shares of the company’s stock worth $768,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Mondelez International during the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $62.66 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The company has a fifty day moving average of $61.18 and a 200-day moving average of $59.99. The stock has a market capitalization of $79.97 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.52 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is presently 73.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, TD Cowen raised their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

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.