Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Mondelez International, Inc. NASDAQ: MDLZ. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Mondelez International stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
Mondelez International Price Performance
MDLZ traded down $1.94 on Wednesday, reaching $65.71. The company had a trading volume of 5,018,728 shares, compared to its average volume of 7,934,028. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $85.00 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $64.65.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is 54.97%.
Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on MDLZ. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.20.
Read Our Latest Analysis on Mondelez International
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. United Bank raised its stake in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after buying an additional 2,549 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Mondelez International by 82.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company's stock worth $207,000 after acquiring an additional 1,272 shares during the period. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth approximately $25,000. FMR LLC lifted its stake in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Avestar Capital LLC boosted its position in shares of Mondelez International by 15.1% during the third quarter. Avestar Capital LLC now owns 8,622 shares of the company's stock valued at $635,000 after purchasing an additional 1,129 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Mondelez International
(
Get Free Report)
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.
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