Icon Wealth Advisors LLC Sells 15,323 Shares of Mondelez International, Inc. $MDLZ

Icon Wealth Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.0% during the fourth quarter, Holdings Channel reports. The fund owned 54,269 shares of the company’s stock after selling 15,323 shares during the period. Icon Wealth Advisors LLC’s holdings in Mondelez International were worth $2,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Infusive Asset Management Inc. increased its stake in Mondelez International by 48.1% in the fourth quarter. Infusive Asset Management Inc. now owns 78,527 shares of the company’s stock valued at $4,227,000 after acquiring an additional 25,497 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Mondelez International in the fourth quarter valued at $3,396,000. Entropy Technologies LP bought a new position in Mondelez International in the fourth quarter valued at $3,442,000. Epoch Investment Partners Inc. increased its stake in Mondelez International by 11.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 911,389 shares of the company’s stock valued at $49,060,000 after acquiring an additional 96,053 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after acquiring an additional 3,803,776 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $62.99 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. The firm has a 50-day moving average of $60.16 and a 200-day moving average of $58.13. The firm has a market cap of $80.86 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.47 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

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

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. UBS Group raised their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. BTIG Research assumed coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International 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.