Mondelez International, Inc. $MDLZ Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,965,985 shares of the company’s stock after selling 78,347 shares during the period. Mondelez International accounts for approximately 1.7% of Confluence Investment Management LLC’s holdings, making the stock its 12th largest holding. Confluence Investment Management LLC’s holdings in Mondelez International were worth $113,673,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of Mondelez International by 17.0% during the 2nd quarter. QRG Capital Management Inc. now owns 83,152 shares of the company’s stock valued at $4,810,000 after purchasing an additional 12,096 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Mondelez International by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 44,309 shares of the company’s stock valued at $2,563,000 after buying an additional 1,463 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Mondelez International by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock worth $218,472,000 after acquiring an additional 25,926 shares during the period. Junto Capital Management LP acquired a new position in Mondelez International during the second quarter worth about $53,549,000. Finally, Sequoia Financial Advisors LLC raised its position in Mondelez International by 6.3% in the second quarter. Sequoia Financial Advisors LLC now owns 45,520 shares of the company’s stock worth $2,633,000 after acquiring an additional 2,707 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Mondelez International Trading Down 0.0%

NASDAQ MDLZ traded down $0.01 on Thursday, hitting $57.81. 2,742,188 shares of the company were exchanged, compared to its average volume of 9,298,358. The company’s 50 day moving average price is $62.03 and its 200-day moving average price is $60.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market capitalization of $73.79 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.32 and a beta of 0.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is 73.53%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane raised their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Barclays lifted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

About Mondelez International

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.