PNC Financial Services Group Inc. Buys 15,447 Shares of Mondelez International, Inc. $MDLZ

PNC Financial Services Group Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,173,191 shares of the company’s stock after buying an additional 15,447 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mondelez International were worth $125,263,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in Mondelez International in the 4th quarter worth approximately $25,000. Advocate Investing Services LLC purchased a new stake in Mondelez International during the 4th quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International during the 4th quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Monday. Bank of America raised 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. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, Barclays boosted their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.

Mondelez International Price Performance

MDLZ opened at $60.86 on Thursday. The business has a fifty day moving average of $60.89 and a 200 day moving average of $59.17. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. 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 $78.12 billion, a P/E ratio of 30.28, a PEG ratio of 2.48 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue 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, sell-side analysts anticipate that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. 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.