Wesbanco Bank Inc. Lowers Position in Mondelez International, Inc. $MDLZ

Wesbanco Bank Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 43.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 81,361 shares of the company’s stock after selling 61,716 shares during the period. Wesbanco Bank Inc.’s holdings in Mondelez International were worth $4,380,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter valued at about $32,000. McIlrath & Eck LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. raised their target price on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Sanford C. Bernstein dropped their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. DA Davidson restated a “neutral” rating and set a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Finally, Barclays raised their target price on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 3,064 shares of company stock worth $189,934. Insiders own 0.45% of the company’s stock.

Mondelez International Trading Up 0.3%

Shares of Mondelez International stock opened at $61.52 on Friday. The stock has a market cap of $78.86 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.41 and a beta of 0.39. The stock’s 50 day simple moving average is $58.04 and its 200-day simple moving average is $57.44. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. 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 (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, March 31st. 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.