Corient Private Wealth LLC Decreases Stake in Mondelez International, Inc. $MDLZ

Corient Private Wealth LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,500,352 shares of the company’s stock after selling 586,911 shares during the quarter. Corient Private Wealth LLC’s holdings in Mondelez International were worth $81,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International in the fourth quarter worth about $25,000. Advocate Investing Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Mondelez International in the third quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International in the 4th quarter worth approximately $28,000. Finally, High Point Wealth Management LLC acquired a new position in Mondelez International in the 4th quarter worth approximately $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $60.10 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a fifty day moving average of $60.46 and a 200 day moving average of $58.27. The firm has a market cap of $77.15 billion, a PE ratio of 29.90, a PEG ratio of 2.35 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 issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for 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%. Mondelez International’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MDLZ shares. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BTIG Research began coverage on Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. One 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 stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International 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.