Mondelez International, Inc. $MDLZ Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 8,351,420 shares of the company’s stock after selling 896,134 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mondelez International were worth $449,557,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Leo Wealth LLC lifted its holdings in shares of Mondelez International by 2.4% during the fourth quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after purchasing an additional 176 shares during the last quarter. Columbia Asset Management lifted its holdings in shares of Mondelez International by 1.3% during the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after purchasing an additional 180 shares during the last quarter. West Paces Advisors Inc. raised its stake in shares of Mondelez International by 1.1% in the 4th quarter. West Paces Advisors Inc. now owns 16,452 shares of the company’s stock valued at $886,000 after acquiring an additional 186 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Mondelez International by 1.1% in the 3rd quarter. Nicolet Advisory Services LLC now owns 18,711 shares of the company’s stock valued at $1,171,000 after acquiring an additional 197 shares in the last quarter. Finally, CYBER HORNET ETFs LLC raised its stake in shares of Mondelez International by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 3,798 shares of the company’s stock valued at $204,000 after acquiring an additional 200 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDLZ. BTIG Research began coverage on Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective on the stock. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays boosted their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Finally, TD Cowen boosted their price target on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Price Performance

Shares of MDLZ stock opened at $61.31 on Thursday. The stock’s fifty day simple moving average is $59.47 and its 200 day simple moving average is $57.83. 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 firm has a market cap of $78.70 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.39 and a beta of 0.38. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.06 earnings per share 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. Shareholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is currently 99.50%.

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.