Mondelez International, Inc. $MDLZ Shares Sold by Avalon Trust Co

Avalon Trust Co reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 96.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,142 shares of the company’s stock after selling 211,120 shares during the quarter. Avalon Trust Co’s holdings in Mondelez International were worth $469,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. OLD Republic International Corp grew its position in Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the last quarter. Allstate Corp raised its holdings in shares of Mondelez International by 107.7% during the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock valued at $5,250,000 after buying an additional 50,562 shares during the last quarter. VCI Wealth Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $970,000. BNP Paribas Financial Markets boosted its position in shares of Mondelez International by 41.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock worth $215,677,000 after buying an additional 1,166,036 shares during the period. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $2,629,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 4.6%

MDLZ opened at $61.42 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. 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 stock’s fifty day moving average is $60.98 and its 200-day moving average is $59.00. The company has a market capitalization of $78.84 billion, a PE ratio of 30.56, a P/E/G ratio of 2.30 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’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. On average, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 99.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Rothschild & Co Redburn reiterated 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. TD Cowen increased their price target on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.44.

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.