NewEdge Wealth LLC Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

NewEdge Wealth LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 61,844 shares of the company’s stock after selling 9,589 shares during the quarter. NewEdge Wealth LLC’s holdings in Mondelez International were worth $3,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. First Trust Advisors LP grew its position in shares of Mondelez International by 10.1% in the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after purchasing an additional 103,778 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Mondelez International by 0.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,173,191 shares of the company’s stock worth $125,263,000 after purchasing an additional 15,447 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in Mondelez International in the 1st quarter valued at about $244,000. DJE Kapital AG lifted its stake in Mondelez International by 29.2% in the 1st quarter. DJE Kapital AG now owns 127,500 shares of the company’s stock valued at $7,377,000 after buying an additional 28,800 shares in the last quarter. Finally, Burling Wealth Partners LLC boosted its holdings in Mondelez International by 43.6% in the 1st quarter. Burling Wealth Partners LLC now owns 51,002 shares of the company’s stock worth $2,940,000 after buying an additional 15,475 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $60.52 on Friday. The firm 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. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $70.61. The firm’s 50-day moving average price is $60.88 and its 200 day moving average price is $59.23. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. Mondelez International’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on MDLZ shares. Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Bank of America lifted their price target on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. TD Cowen boosted their price target on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.44.

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.