PNC Financial Services Group Inc. Sells 160,654 Shares of Mondelez International, Inc. $MDLZ

PNC Financial Services Group Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,157,744 shares of the company’s stock after selling 160,654 shares during the period. PNC Financial Services Group Inc.’s holdings in Mondelez International were worth $116,151,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MDLZ. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Mondelez International in the third quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Mondelez International during the third quarter worth about $32,000. McIlrath & Eck LLC bought a new position in Mondelez International in the 4th quarter worth about $30,000. High Point Wealth Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $30,000. Finally, Navalign LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $31,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.84 on Thursday. The business has a 50 day moving average of $58.40 and a 200 day moving average of $57.49. The company has a market capitalization of $79.38 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.40 and a beta of 0.39. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.64% and a return on equity of 14.14%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Analysts Set New Price Targets

Several brokerages have recently commented on MDLZ. Piper Sandler boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. 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 research note on Wednesday, March 25th. Wells Fargo & Company lifted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. TD Cowen boosted their price target on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley increased their price target on shares of Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. One equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.