Hudson Valley Investment Advisors Inc. ADV Sells 1,618 Shares of Mondelez International, Inc. $MDLZ

Hudson Valley Investment Advisors Inc. ADV trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,772 shares of the company’s stock after selling 1,618 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Mondelez International were worth $4,031,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. NTV Asset Management LLC boosted its holdings in Mondelez International by 5.0% in the 2nd quarter. NTV Asset Management LLC now owns 4,764 shares of the company’s stock valued at $321,000 after purchasing an additional 225 shares during the period. QRG Capital Management Inc. boosted its holdings in Mondelez International by 15.3% in the 2nd quarter. QRG Capital Management Inc. now owns 96,104 shares of the company’s stock valued at $6,481,000 after purchasing an additional 12,759 shares during the period. ZWJ Investment Counsel Inc. boosted its holdings in Mondelez International by 0.9% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 711,451 shares of the company’s stock valued at $47,980,000 after purchasing an additional 6,385 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Mondelez International by 17.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,357 shares of the company’s stock valued at $429,000 after purchasing an additional 944 shares during the period. Finally, Mattern Capital Management LLC boosted its holdings in Mondelez International by 0.7% in the 2nd quarter. Mattern Capital Management LLC now owns 123,774 shares of the company’s stock valued at $8,347,000 after purchasing an additional 852 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Barclays raised their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $71.80.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.67 on Friday. The stock has a market cap of $81.09 billion, a PE ratio of 22.96, a PEG ratio of 4.67 and a beta of 0.45. The company’s fifty day moving average is $62.78 and its 200 day moving average is $65.55. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

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

Mondelez International Company 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.