Ascent Wealth Partners LLC Buys 21,461 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Ascent Wealth Partners acquired 21,461 Mondelez shares worth approximately $1.24 million in the third quarter. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Mondelez reported quarterly revenue of $9.36 billion and earnings of $0.73 per share, exceeding analyst expectations, while revenue increased 4.1% year over year.
• The company raised its quarterly dividend to $0.52 per share, equivalent to a 3.3% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.86.

Ascent Wealth Partners LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,461 shares of the company's stock, valued at approximately $1,241,000.

Other large investors have also made changes to their positions in the company. Miller Global Investments LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $26,000. North Point Portfolio Managers Corp OH bought a new position in Mondelez International during the 3rd quarter worth about $28,000. Ballast Advisors LLC bought a new position in Mondelez International during the 1st quarter worth about $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at about $35,000. Finally, Whipplewood Advisors LLC raised its stake in shares of Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock valued at $37,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $63.80 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The firm has a market capitalization of $81.43 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.47 and a beta of 0.38. The business has a 50-day simple moving average of $61.79 and a 200 day simple moving average of $61.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $0.73 EPS. The firm's revenue 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. On average, research analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 30th. Mondelez International's dividend payout ratio (DPR) is currently 76.47%.

Analyst Ratings Changes

A number of analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $72.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. BTIG Research boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Barclays increased their target price on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. HSBC boosted their price target on Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.86.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Mondelez International Company Profile

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

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

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