Icon Wealth Advisors LLC Reduces Stock Position in Mondelez International, Inc. $MDLZ

Icon Wealth Advisors LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,269 shares of the company’s stock after selling 15,323 shares during the period. Icon Wealth Advisors LLC’s holdings in Mondelez International were worth $2,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after acquiring an additional 1,646,213 shares in the last quarter. Capital International Investors lifted its position in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after acquiring an additional 10,137,457 shares in the last quarter. State Street Corp lifted its position in shares of Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after acquiring an additional 908,076 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mondelez International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after acquiring an additional 108,179 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays increased their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Bank of America increased their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Trading Down 0.6%

Shares of MDLZ stock opened at $62.99 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. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a market capitalization of $80.86 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.38. The business’s fifty day moving average is $60.16 and its 200 day moving average is $58.13.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 99.50%.

Mondelez International Company 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.