Parr Mcknight Wealth Management Group LLC Acquires 16,803 Shares of Mondelez International, Inc. $MDLZ

Parr Mcknight Wealth Management Group LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 123.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 30,458 shares of the company’s stock after acquiring an additional 16,803 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Mondelez International were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp bought a new position in shares of Mondelez International during the fourth quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Mondelez International during the third quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in Mondelez International during the 4th quarter worth $28,000. Finally, High Point Wealth Management LLC bought a new position in Mondelez International during the 4th quarter worth $30,000. Institutional investors and hedge funds 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. Rothschild & Co Redburn reiterated a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Bank of America raised their price target on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. TD Cowen upped their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Stock Performance

Mondelez International stock opened at $59.86 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 stock has a market cap of $76.84 billion, a PE ratio of 29.78, a P/E/G ratio of 2.31 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The business’s 50-day moving average price is $61.09 and its two-hundred day moving average price is $58.90.

Mondelez International (NASDAQ:MDLZ) last posted its 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. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 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.