Parallel Advisors LLC Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

Parallel Advisors LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.9% during the fourth quarter, HoldingsChannel reports. The firm owned 57,040 shares of the company’s stock after selling 12,443 shares during the period. Parallel Advisors LLC’s holdings in Mondelez International were worth $3,083,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MDLZ. Harvest Fund Management Co. Ltd grew its stake in shares of Mondelez International by 21.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 96,343 shares of the company’s stock valued at $5,184,000 after buying an additional 16,929 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Mondelez International by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 75,336 shares of the company’s stock valued at $3,985,000 after buying an additional 636 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its stake in shares of Mondelez International by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 294,333 shares of the company’s stock valued at $15,844,000 after buying an additional 994 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Mondelez International by 59.4% during the fourth quarter. Magellan Asset Management Ltd now owns 107,347 shares of the company’s stock valued at $5,778,000 after buying an additional 39,991 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Mondelez International by 2.5% during the fourth quarter. TD Asset Management Inc now owns 794,058 shares of the company’s stock valued at $42,744,000 after buying an additional 19,151 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $62.04 on Friday. The stock’s 50 day simple moving average is $59.64 and its two-hundred day simple moving average is $57.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The stock has a market cap of $79.64 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.39 and a beta of 0.38. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The business 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 business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. TD Cowen raised their price objective on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

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.