United Asset Strategies Inc. Sells 23,540 Shares of Mondelez International, Inc. $MDLZ

United Asset Strategies Inc. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 78.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,410 shares of the company’s stock after selling 23,540 shares during the period. United Asset Strategies Inc.’s holdings in Mondelez International were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MDLZ. JPMorgan Chase & Co. boosted its holdings in shares of Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares in the last quarter. Capital International Investors boosted its holdings in shares of Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after buying an additional 6,958,868 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Mondelez International by 103.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after buying an additional 2,637,287 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Mondelez International by 2,080.4% during the 3rd quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after buying an additional 2,353,841 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Mondelez International by 63.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock valued at $297,694,000 after buying an additional 1,849,482 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.71 on Friday. The stock has a market cap of $73.98 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 2.38 and a beta of 0.37. The firm’s 50-day moving average is $58.11 and its 200 day moving average is $57.59. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. Mondelez International’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.03 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Mondelez International’s payout ratio is presently 106.38%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MDLZ shares. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday. Mizuho dropped their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Rothschild & Co Redburn restated 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. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Piper Sandler upped their price target on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $66.47.

Insider Transactions at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

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.