United Bank Decreases Stock Position in Mondelez International, Inc. $MDLZ

United Bank lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 47.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,035 shares of the company’s stock after selling 11,046 shares during the period. United Bank’s holdings in Mondelez International were worth $694,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after buying an additional 1,646,213 shares during the period. Capital International Investors increased its position in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. State Street Corp raised its stake in shares of Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after acquiring an additional 908,076 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Mondelez International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after acquiring an additional 108,179 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Barclays raised their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. BTIG Research initiated coverage on Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, Bank of America boosted their target price on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Stock Up 0.9%

Mondelez International stock traded up $0.53 during trading hours on Friday, hitting $58.83. 6,428,266 shares of the stock traded hands, compared to its average volume of 9,690,540. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The firm’s 50-day moving average price is $61.12 and its two-hundred day moving average price is $58.82. 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 company has a market cap of $75.52 billion, a PE ratio of 29.27, a PEG ratio of 2.31 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced 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. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 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.