Fifth Third Wealth Advisors LLC Acquires 9,970 Shares of Mondelez International, Inc. $MDLZ

Fifth Third Wealth Advisors LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 38.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,206 shares of the company’s stock after buying an additional 9,970 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Mondelez International were worth $2,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in Mondelez International during the 4th quarter valued at $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the 4th quarter valued at about $28,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Barclays increased their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Trading Down 0.9%

NASDAQ:MDLZ opened at $61.20 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The company’s 50-day simple moving average is $60.66 and its 200 day simple moving average is $58.43. The firm has a market capitalization of $78.56 billion, a P/E ratio of 30.45, a PEG ratio of 2.42 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.

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.