Trust Co. of Vermont Buys Shares of 71,765 Mondelez International, Inc. $MDLZ

Key Points

• Trust Co. of Vermont bought 71,765 Mondelez shares worth approximately $4.15 million, while institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $67.30; recent targets range from $70 to $73.
• Mondelez exceeded quarterly earnings and revenue estimates, reporting $0.73 in EPS and $9.36 billion in revenue. The company also raised its quarterly dividend to $0.52 per share, implying a 3.3% annual yield.

Trust Co. of Vermont purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 71,765 shares of the company's stock, valued at approximately $4,151,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MDLZ shares. JPMorgan Chase & Co. increased their target price on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. TD Cowen raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $67.30.

Mondelez International Stock Up 0.8%

Shares of NASDAQ:MDLZ opened at $62.66 on Wednesday. The firm has a fifty day moving average price of $61.18 and a two-hundred day moving average price of $59.99. The company has a market cap of $79.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.59 and a beta of 0.38. 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, Inc. has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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 firm had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is presently 73.53%.

Mondelez International 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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