Stock Yards Bank & Trust Co. Trims Stake in Mondelez International, Inc. $MDLZ

Stock Yards Bank & Trust Co. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 16.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 223,439 shares of the company’s stock after selling 42,847 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $12,879,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. J.Safra Asset Management Corp bought a new stake in Mondelez International during the 4th quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Mondelez International in the 4th quarter worth approximately $28,000. Finally, High Point Wealth Management LLC purchased 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 institutional investors.

Mondelez International Trading Up 2.6%

Shares of NASDAQ MDLZ opened at $59.35 on Thursday. The firm’s 50 day moving average price is $60.86 and its 200-day moving average price is $58.59. The company has a market cap of $76.18 billion, a PE ratio of 29.53, a P/E/G ratio of 2.26 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. BTIG Research began coverage on Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Get Our Latest Research Report on MDLZ

About Mondelez International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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