Meyer Handelman Co. Lowers Stock Position in Mondelez International, Inc. $MDLZ

Meyer Handelman Co. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,139 shares of the company’s stock after selling 9,548 shares during the quarter. Meyer Handelman Co.’s holdings in Mondelez International were worth $7,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. J.Safra Asset Management Corp purchased a new position in Mondelez International during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International in the fourth quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $28,000. High Point Wealth Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDLZ. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price target on shares of Mondelez International in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Barclays increased their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.61 on Monday. The stock has a market capitalization of $81.19 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The firm has a 50-day moving average price of $61.17 and a 200 day moving average price of $59.93. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International’s dividend payout ratio is currently 73.53%.

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.