Charles Schwab Trust Co Acquires New Shares in Mondelez International, Inc. $MDLZ

Key Points

• Charles Schwab Trust Co. acquired 21,725 Mondelez shares in the second quarter, worth approximately $1.26 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and $67.30 target price. Recent targets include $70 from BNP Paribas Exane and BTIG Research.
• Mondelez exceeded quarterly expectations, reporting $0.73 EPS and $9.36 billion in revenue, while revenue grew 4.1% year over year. The company pays a $0.50 quarterly dividend, equivalent to a 3.3% annual yield.

Charles Schwab Trust Co acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,725 shares of the company's stock, valued at approximately $1,257,000.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDLZ. BNP Paribas Exane lifted their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. BTIG Research initiated coverage on Mondelez International in a report on Tuesday, April 14th. They set a "buy" rating and a $70.00 price objective for the company. UBS Group increased their target price on Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Finally, Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.53 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $78.53 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.55 and a beta of 0.38. The firm's fifty day simple moving average is $61.06 and its 200 day simple moving average is $59.80. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International's payout ratio is 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.

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