Elevation Point Wealth Partners LLC Raises Stake in Mondelez International, Inc. $MDLZ

Elevation Point Wealth Partners LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 83.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,292 shares of the company’s stock after purchasing an additional 13,799 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Mondelez International were worth $1,908,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Soundwatch Capital LLC purchased a new position in shares of Mondelez International during the second quarter worth about $27,000. Richardson Financial Services Inc. raised its stake in Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its position in Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after acquiring an additional 196 shares during the period. Traub Capital Management LLC acquired a new stake in Mondelez International during the 2nd quarter worth approximately $37,000. Finally, GGM Financials LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at approximately $41,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.89 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $58.23 and a two-hundred day moving average price of $58.54. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a market capitalization of $70.36 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Mondelez International’s dividend payout ratio is presently 106.38%.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. Bank of America dropped their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. DA Davidson reaffirmed a “neutral” rating and set a $62.00 price target on shares of Mondelez International in a report on Wednesday, February 4th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Stifel Nicolaus cut their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.06.

About Mondelez International

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.