Mondelez International, Inc. $MDLZ Position Decreased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Mondelez stake by 60.5% in the third quarter, selling 26,207 shares and retaining 17,125 shares valued at approximately $990,000. Institutional investors collectively own 78.32% of the company.
• Analysts maintain a positive outlook, with 17 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $68.86.
• Mondelez exceeded quarterly expectations with $0.73 in EPS and $9.36 billion in revenue, while raising its quarterly dividend to $0.52 per share, equivalent to a 3.3% annualized yield.

Axxcess Wealth Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 60.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,125 shares of the company's stock after selling 26,207 shares during the period. Axxcess Wealth Management LLC's holdings in Mondelez International were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Miller Global Investments LLC purchased a new position in Mondelez International during the third quarter worth about $26,000. North Point Portfolio Managers Corp OH acquired a new position in Mondelez International in the 3rd quarter valued at about $28,000. Ballast Advisors LLC acquired a new position in Mondelez International in the 1st quarter valued at about $34,000. C M Bidwell & Associates Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at about $35,000. Finally, Whipplewood Advisors LLC grew 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 buying an additional 169 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MDLZ shares. BNP Paribas Exane raised their price target 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. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group reiterated a "buy" rating and issued a $73.00 price objective (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. UBS Group increased their price objective on Mondelez International from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Finally, HSBC increased their price objective on Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.86.

Mondelez International Price Performance

MDLZ opened at $63.80 on Friday. The stock's 50-day moving average price is $61.79 and its 200 day moving average price is $61.02. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. 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 cap of $81.43 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.47 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $9.36 billion for 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 revenue for the quarter was up 4.1% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 76.47%.

Insiders Place Their Bets

In related news, CEO Dirk Van de Put sold 133,580 shares of the company's 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 sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by insiders.

About Mondelez International

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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