PNC Financial Services Group Inc. Increases Stock Position in Mondelez International, Inc. $MDLZ

PNC Financial Services Group Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,173,191 shares of the company’s stock after purchasing an additional 15,447 shares during the period. PNC Financial Services Group Inc. owned approximately 0.17% of Mondelez International worth $125,263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter valued at about $1,010,020,000. Capital International Investors grew its position in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after acquiring an additional 3,803,776 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Mondelez International by 190.3% in the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after purchasing an additional 2,801,689 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.7%

MDLZ opened at $60.86 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market cap of $78.12 billion, a PE ratio of 30.28, a PEG ratio of 2.48 and a beta of 0.39. The business has a 50 day moving average of $60.89 and a 200-day moving average of $59.17.

Mondelez International (NASDAQ:MDLZ) last announced 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 business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts predict that Mondelez International, Inc. will post 3.04 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays increased their price target on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. UBS Group upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Rothschild & Co Redburn reiterated a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.

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.