Benjamin Edwards Inc. Sells 27,253 Shares of Mondelez International, Inc. $MDLZ

Benjamin Edwards Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 477,281 shares of the company’s stock after selling 27,253 shares during the quarter. Benjamin Edwards Inc.’s holdings in Mondelez International were worth $25,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MDLZ. JPMorgan Chase & Co. boosted its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the last quarter. Capital International Investors boosted its position in shares of Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after buying an additional 6,958,868 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Mondelez International by 103.2% during the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after buying an additional 2,637,287 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Mondelez International by 2,080.4% during the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after buying an additional 2,353,841 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Mondelez International by 63.4% during the third quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock valued at $297,694,000 after buying an additional 1,849,482 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays increased their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group increased their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday. Mizuho dropped their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Bank of America increased their price objective on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. 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 report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.37 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $57.96 and a two-hundred day simple moving average of $57.48. The stock has a market cap of $78.67 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.51 and a beta of 0.39. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.

Insider Buying and Selling

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by insiders.

About Mondelez International

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.