Wealthfront Advisers LLC Sells 19,843 Shares of Mondelez International, Inc. $MDLZ

Wealthfront Advisers LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% in the first quarter, HoldingsChannel.com reports. The fund owned 196,980 shares of the company’s stock after selling 19,843 shares during the period. Wealthfront Advisers LLC’s holdings in Mondelez International were worth $11,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MDLZ. D.A. Davidson & CO. lifted its holdings in Mondelez International by 7.1% during the first quarter. D.A. Davidson & CO. now owns 61,941 shares of the company’s stock worth $3,570,000 after acquiring an additional 4,100 shares during the period. Bank of New York Mellon Corp grew its stake in Mondelez International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after purchasing an additional 106,636 shares during the period. MASTERINVEST Kapitalanlage GmbH grew its stake in Mondelez International by 8.3% in the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 44,648 shares of the company’s stock valued at $2,574,000 after purchasing an additional 3,423 shares during the period. Camden National Bank increased its position in shares of Mondelez International by 0.4% during the 1st quarter. Camden National Bank now owns 132,301 shares of the company’s stock valued at $7,626,000 after purchasing an additional 498 shares during the last quarter. Finally, 1ST Source Bank increased its position in shares of Mondelez International by 15.7% during the 1st quarter. 1ST Source Bank now owns 6,700 shares of the company’s stock valued at $386,000 after purchasing an additional 908 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. UBS Group raised their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, BTIG Research began coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.44.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.00 on Friday. The company has a market capitalization of $78.30 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.41 and a beta of 0.39. The business has a fifty day simple moving average of $60.97 and a two-hundred day simple moving average of $59.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

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, beating 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 during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the business posted $0.76 earnings per share. Mondelez International’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. On average, analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

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

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.