Mondelez International, Inc. $MDLZ Stock Position Lifted by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,131,640 shares of the company’s stock after buying an additional 103,778 shares during the quarter. First Trust Advisors LP’s holdings in Mondelez International were worth $65,228,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MDLZ. J.Safra Asset Management Corp bought a new position in Mondelez International in the 4th quarter valued at about $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International during the 4th quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth about $28,000. High Point Wealth Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth approximately $30,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDLZ. UBS Group increased their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Bank of America boosted their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 10th. BTIG Research started coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Barclays increased 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.

Mondelez International Stock Performance

Shares of MDLZ opened at $60.52 on Friday. The firm’s 50 day moving average is $60.88 and its 200-day moving average is $59.23. The stock has a market capitalization of $77.69 billion, a P/E ratio of 30.11, a P/E/G ratio of 2.51 and a beta of 0.39. 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, Inc. has a 12-month low of $51.20 and a 12-month high of $70.61.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.

Mondelez International Announces Dividend

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