Iowa State Bank Sells 631 Shares of Mondelez International, Inc. $MDLZ

Iowa State Bank lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,611 shares of the company’s stock after selling 631 shares during the quarter. Iowa State Bank’s holdings in Mondelez International were worth $2,334,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hemington Wealth Management increased its holdings in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after buying an additional 168 shares during the last quarter. Enterprise Bank & Trust Co increased its holdings in Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC increased its holdings in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after buying an additional 175 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.4%

Shares of Mondelez International stock opened at $62.67 on Monday. The firm’s 50-day moving average price is $62.78 and its two-hundred day moving average price is $65.57. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $81.09 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the company posted $0.86 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Evercore ISI decreased their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.