Whittier Trust Co. Has $9.31 Million Position in Mondelez International, Inc. $MDLZ

Whittier Trust Co. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,503 shares of the company’s stock after selling 9,800 shares during the period. Whittier Trust Co.’s holdings in Mondelez International were worth $9,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Soundwatch Capital LLC acquired a new position in Mondelez International in the 2nd quarter valued at $27,000. Rossby Financial LCC raised its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares during the last quarter. Aspect Partners LLC boosted its stake in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new position in shares of Mondelez International in the 2nd quarter valued at $33,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $58.40 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $55.34 and a two-hundred day simple moving average of $60.00. The company has a market capitalization of $75.36 billion, a PE ratio of 21.87 and a beta of 0.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is presently 74.91%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. TD Cowen decreased their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Morgan Stanley cut their target price on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Sanford C. Bernstein dropped their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.11.

About Mondelez International

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.