Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Mondelez International, Inc. NASDAQ: MDLZ. In a filing disclosed on March 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Mondelez International stock on February 7th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.
Representative Thomas H. Kean, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 2/26/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 2/26/2025.
- Sold $1,001 - $15,000 in shares of Magnera NYSE: MAGN on 2/12/2025.
- Sold $1,001 - $15,000 in shares of Pernod Ricard OTC: PRNDY on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/16/2025.
- Purchased $1,001 - $15,000 in shares of Crown NYSE: CCK on 1/7/2025.
- Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 12/27/2024.
- Purchased $1,001 - $15,000 in shares of Pernod Ricard OTC: PRNDY on 12/27/2024.
- Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 12/19/2024.
Mondelez International Trading Up 0.7 %
Shares of NASDAQ MDLZ traded up $0.44 during trading hours on Monday, hitting $64.95. 7,514,167 shares of the company traded hands, compared to its average volume of 7,508,734. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company's 50 day moving average price is $61.35 and its 200 day moving average price is $65.06.
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 net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.
Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of several research reports. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup decreased 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. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $69.70.
Check Out Our Latest Research Report on MDLZ
Hedge Funds Weigh In On Mondelez International
Several hedge funds and other institutional investors have recently made changes to their positions in MDLZ. Vanguard Group Inc. boosted its stake in Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. State Street Corp boosted its position in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares during the last quarter. Capital Research Global Investors grew its stake in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.
About Representative Kean
Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election.
Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.
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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