PNC Financial Services Group Inc. Sells 160,654 Shares of Mondelez International, Inc. $MDLZ

PNC Financial Services Group Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,157,744 shares of the company’s stock after selling 160,654 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.17% of Mondelez International worth $116,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MDLZ. KERR FINANCIAL PLANNING Corp purchased a new stake in Mondelez International during the third quarter worth about $27,000. High Point Wealth Management LLC purchased a new position in Mondelez International in the fourth quarter valued at about $30,000. McIlrath & Eck LLC bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $30,000. Navalign LLC bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $31,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.9%

Mondelez International stock opened at $61.84 on Thursday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a market capitalization of $79.38 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.40 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $58.40 and a 200 day simple moving average of $57.49.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio is 99.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Bank of America raised their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. DA Davidson restated a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research note on Wednesday, February 4th. Barclays upped their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley increased their price target on Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Company Profile

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.