Kestra Advisory Services LLC Reduces Holdings in Mondelez International, Inc. $MDLZ

Kestra Advisory Services LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 20.7% in the 1st quarter, Holdings Channel reports. The firm owned 68,571 shares of the company’s stock after selling 17,907 shares during the quarter. Kestra Advisory Services LLC’s holdings in Mondelez International were worth $3,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in Mondelez International during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International in the fourth quarter worth about $28,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. BTIG Research assumed coverage on Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Bank of America upped their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, TD Cowen increased their price target on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.44.

View Our Latest Stock Analysis on MDLZ

Mondelez International Trading Up 4.6%

Shares of MDLZ opened at $61.42 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The firm has a 50-day moving average price of $60.98 and a 200 day moving average price of $59.00. The firm has a market capitalization of $78.84 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.30 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the business earned $0.76 earnings per share. Mondelez International’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. Sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Mondelez International Profile

(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.

See Also

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

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