Charles Schwab Trust Co Acquires Shares of 21,725 Mondelez International, Inc. $MDLZ

Charles Schwab Trust Co bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,725 shares of the company’s stock, valued at approximately $1,257,000.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. TD Cowen raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Trading Down 1.7%

Mondelez International stock opened at $61.53 on Tuesday. The firm’s 50-day moving average is $61.06 and its 200-day moving average is $59.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a market cap of $78.53 billion, a P/E ratio of 22.62, a PEG ratio of 2.55 and a beta of 0.38.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued 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 dividend yield of 3.3%. Mondelez International’s dividend 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.