Elevation Point Wealth Partners LLC Boosts Stake in Mondelez International, Inc. $MDLZ

Elevation Point Wealth Partners LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 77.7% during the first quarter, Holdings Channel.com reports. The fund owned 41,526 shares of the company’s stock after buying an additional 18,152 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Mondelez International were worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Mondelez International in the 4th quarter worth about $1,010,020,000. Capital International Investors boosted its position in Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after purchasing an additional 8,382,270 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after purchasing an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after purchasing an additional 3,803,776 shares during the period. Finally, Bank of Montreal Can grew its holdings in Mondelez International by 190.3% in the fourth quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock valued at $230,062,000 after purchasing an additional 2,801,689 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $60.91 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a 50 day moving average of $61.05 and a two-hundred day moving average of $58.65. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm has a market cap of $78.19 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 99.50%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. UBS Group boosted their price target on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, BTIG Research began coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International 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.