Cannell & Spears LLC Trims Stake in Mondelez International, Inc. $MDLZ

Cannell & Spears LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 574,830 shares of the company’s stock after selling 8,655 shares during the period. Cannell & Spears LLC’s holdings in Mondelez International were worth $33,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp purchased a new stake in shares of Mondelez International during the 4th quarter valued at $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in Mondelez International in the fourth quarter worth $28,000. High Point Wealth Management LLC bought a new position in Mondelez International in the fourth quarter valued at $30,000. Finally, McIlrath & Eck LLC bought a new position in Mondelez International in the fourth quarter valued at $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday. 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. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Bank of America boosted their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.44.

Mondelez International Stock Up 0.8%

NASDAQ MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $70.61. The stock has a market capitalization of $77.69 billion, a PE ratio of 30.11, a PEG ratio of 2.49 and a beta of 0.39. 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 business’s 50-day moving average is $60.88 and its 200 day moving average is $59.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $0.76 EPS. Mondelez International’s quarterly revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.04 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio 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.