First American Bank Reduces Holdings in Mondelez International, Inc. $MDLZ

First American Bank lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 93.7% in the first quarter, Holdings Channel reports. The institutional investor owned 4,391 shares of the company’s stock after selling 65,584 shares during the quarter. First American Bank’s holdings in Mondelez International were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC increased its stake in Mondelez International by 8.9% during the first quarter. RFG Advisory LLC now owns 5,580 shares of the company’s stock worth $322,000 after acquiring an additional 457 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Mondelez International by 38.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 36,206 shares of the company’s stock valued at $2,087,000 after purchasing an additional 9,970 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Mondelez International by 26.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 31,015 shares of the company’s stock worth $1,787,000 after purchasing an additional 6,559 shares during the period. Apella Capital LLC increased its position in shares of Mondelez International by 38.5% during the 1st quarter. Apella Capital LLC now owns 39,174 shares of the company’s stock worth $2,243,000 after purchasing an additional 10,892 shares during the last quarter. Finally, Keudell Morrison Wealth Management acquired a new stake in shares of Mondelez International during the 1st quarter worth about $248,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $61.20 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The company has a market cap of $78.56 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.42 and a beta of 0.38. The stock has a 50-day moving average of $60.66 and a two-hundred day moving average of $58.43. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the company earned $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. As a group, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current 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 issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is 99.50%.

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.