SVB Wealth LLC Sells 10,702 Shares of Mondelez International, Inc. $MDLZ

SVB Wealth LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 40.7% during the first quarter, Holdings Channel.com reports. The firm owned 15,602 shares of the company’s stock after selling 10,702 shares during the period. SVB Wealth LLC’s holdings in Mondelez International were worth $899,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Leo Wealth LLC increased its stake in Mondelez International by 2.4% during the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after purchasing an additional 176 shares in the last quarter. Columbia Asset Management lifted its stake in shares of Mondelez International by 1.3% in the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after buying an additional 180 shares in the last quarter. Commonwealth Retirement Investments LLC lifted its stake in shares of Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock valued at $1,108,000 after buying an additional 180 shares in the last quarter. West Paces Advisors Inc. grew its holdings in shares of Mondelez International by 1.1% during the fourth quarter. West Paces Advisors Inc. now owns 16,452 shares of the company’s stock valued at $886,000 after buying an additional 186 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Mondelez International by 5.9% during the first quarter. Capital Advisors Ltd. LLC now owns 3,393 shares of the company’s stock valued at $196,000 after buying an additional 190 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Barclays lifted their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Bank of America increased their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, UBS Group raised their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. 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 Up 2.6%

MDLZ opened at $61.06 on Wednesday. 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’s 50-day moving average is $60.51 and its 200 day moving average is $58.35. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm has a market capitalization of $78.38 billion, a P/E ratio of 30.38, a PEG ratio of 2.33 and a beta of 0.38.

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

Mondelez International Announces Dividend

The firm 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 $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is currently 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.