SVB Wealth LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 31.3% during the fourth quarter, HoldingsChannel reports. The fund owned 26,304 shares of the company’s stock after selling 12,012 shares during the period. SVB Wealth LLC’s holdings in Mondelez International were worth $1,416,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after acquiring an additional 1,646,213 shares in the last quarter. Capital International Investors increased its holdings in shares of Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after acquiring an additional 6,958,868 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares in the last quarter. State Street Corp increased its holdings in shares of Mondelez International by 1.5% during the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after acquiring an additional 862,720 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Mondelez International by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 15,664,043 shares of the company’s stock valued at $977,337,000 after acquiring an additional 323,602 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
MDLZ has been the subject of several analyst reports. Barclays raised their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their price target on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. UBS Group raised their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein reduced their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Piper Sandler increased their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.05.
Mondelez International Trading Down 0.2%
Mondelez International stock opened at $61.41 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a market capitalization of $78.83 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.41 and a beta of 0.39. The business’s fifty day moving average is $58.10 and its 200 day moving average is $57.43.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm posted $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. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current year.
Mondelez International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.
Insider Transactions at Mondelez International
In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 3,064 shares of company stock valued at $189,934 over the last 90 days. Company insiders own 0.45% of the company’s stock.
About Mondelez International
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.
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