Parr Mcknight Wealth Management Group LLC Sells 12,079 Shares of Mondelez International, Inc. $MDLZ

Parr Mcknight Wealth Management Group LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 46.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,655 shares of the company’s stock after selling 12,079 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Mondelez International were worth $735,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MDLZ. Norges Bank purchased a new position in Mondelez International in the 4th quarter worth $1,010,020,000. JPMorgan Chase & Co. increased its holdings in shares of Mondelez International by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares during the period. Capital International Investors increased its holdings in shares of Mondelez International by 9.7% in the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after buying an additional 6,958,868 shares during the period. Van ECK Associates Corp increased its holdings in shares of Mondelez International by 103.2% in the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after buying an additional 2,637,287 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Mondelez International by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after buying an additional 1,849,482 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.17 on Monday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a market cap of $78.52 billion, a PE ratio of 30.43, a P/E/G ratio of 2.39 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock’s 50-day moving average is $59.19 and its 200 day moving average is $57.74.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) 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 firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The business’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. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Bank of America lifted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, BTIG Research started coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

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.