SVB Wealth LLC Sells 12,012 Shares of Mondelez International, Inc. $MDLZ

SVB Wealth LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,304 shares of the company’s stock after selling 12,012 shares during the quarter. SVB Wealth LLC’s holdings in Mondelez International were worth $1,416,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MDLZ. Brighton Jones LLC grew its holdings in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. United Bank grew its holdings in shares of Mondelez International by 13.2% in the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after purchasing an additional 3,070 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Mondelez International by 15.1% in the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after purchasing an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Mondelez International by 144.9% in the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock worth $532,000 after purchasing an additional 4,668 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wells Fargo & Company upped their target price on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein decreased their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Insiders Place Their Bets

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 3,064 shares of company stock valued at $189,934 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $61.41 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The company has a market cap of $78.83 billion, a PE ratio of 30.55, a P/E/G ratio of 2.41 and a beta of 0.39. The business has a 50 day moving average of $58.10 and a 200 day moving average of $57.43. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15.

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

Mondelez International Dividend Announcement

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. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Mondelez International’s dividend payout ratio is presently 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.