Mondelez International, Inc. $MDLZ Stock Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 172.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,852 shares of the company’s stock after purchasing an additional 12,561 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Mondelez International were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Focus Financial Network Inc. grew its stake in Mondelez International by 30.7% in the 3rd quarter. Focus Financial Network Inc. now owns 4,597 shares of the company’s stock valued at $266,000 after buying an additional 1,080 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in Mondelez International by 1.6% in the 3rd quarter. Salem Investment Counselors Inc. now owns 105,118 shares of the company’s stock worth $6,131,000 after acquiring an additional 1,669 shares during the period. Lineweaver Wealth Advisors LLC raised its holdings in Mondelez International by 8.8% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 48,606 shares of the company’s stock worth $2,810,000 after acquiring an additional 3,930 shares during the period. Forvis Mazars Wealth Advisors LLC raised its holdings in Mondelez International by 4.4% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 4,465 shares of the company’s stock worth $258,000 after acquiring an additional 189 shares during the period. Finally, GK Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter worth $146,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BTIG Research boosted their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. HSBC increased their target price on Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Barclays increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $68.82.

Mondelez International Trading Up 0.7%

Shares of Mondelez International stock opened at $63.03 on Friday. The company’s fifty day simple moving average is $61.63 and its 200-day simple moving average is $60.78. The company has a market cap of $80.45 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.46 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a $0.52 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is currently 76.47%.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Company Profile

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.