Country Club Bank Decreases Holdings in Mondelez International, Inc. $MDLZ

Country Club Bank trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,001 shares of the company’s stock after selling 796 shares during the period. Country Club Bank’s holdings in Mondelez International were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC purchased a new stake in Mondelez International during the 1st quarter worth $866,843,000. Invesco Ltd. boosted its position in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after purchasing an additional 137,604 shares during the period. Goldman Sachs Group Inc. boosted its position in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. boosted its position in Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $71.75.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.60 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The company’s 50-day simple moving average is $62.48 and its 200-day simple moving average is $65.53. The stock has a market capitalization of $81.00 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 4.68 and a beta of 0.45.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a positive change 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%.

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.