Mondelez International, Inc. $MDLZ Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,247,688 shares of the company’s stock after selling 87,721 shares during the period. HighTower Advisors LLC’s holdings in Mondelez International were worth $67,163,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Mondelez International during the third quarter valued at approximately $27,000. High Point Wealth Management LLC bought a new stake in Mondelez International in the fourth quarter worth about $30,000. McIlrath & Eck LLC bought a new stake in Mondelez International in the fourth quarter worth about $30,000. Navalign LLC bought a new stake in Mondelez International in the fourth quarter worth about $31,000. Finally, JPL Wealth Management LLC bought a new stake in Mondelez International in the third quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.9%

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

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the business earned $0.76 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. DA Davidson reiterated a “neutral” rating and issued a $62.00 price target on shares of Mondelez International in a research report on Wednesday, February 4th. Argus upgraded shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

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.