Huntington National Bank Sells 18,538 Shares of Mondelez International, Inc. $MDLZ

Huntington National Bank reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 229,711 shares of the company’s stock after selling 18,538 shares during the period. Huntington National Bank’s holdings in Mondelez International were worth $12,365,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International during the 3rd quarter valued at about $27,000. High Point Wealth Management LLC bought a new position in Mondelez International during the 4th quarter valued at about $30,000. McIlrath & Eck LLC bought a new position in Mondelez International during the 4th quarter valued at about $30,000. Navalign LLC bought a new position in Mondelez International during the 4th quarter valued at about $31,000. Finally, JPL Wealth Management LLC bought a new position in Mondelez International during the 3rd quarter valued at about $32,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.2%

MDLZ opened at $62.39 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $80.09 billion, a PE ratio of 31.04, a PEG ratio of 2.44 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 firm has a 50-day moving average price of $59.10 and a two-hundred day moving average price of $57.71.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Mondelez International’s 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. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research reports. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Morgan Stanley raised their price objective on shares of Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.