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

NewEdge Advisors LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,122 shares of the company’s stock after selling 17,227 shares during the quarter. NewEdge Advisors LLC’s holdings in Mondelez International were worth $5,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International in the 4th quarter worth approximately $28,000. High Point Wealth Management LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $30,000. Finally, McIlrath & Eck LLC acquired a new position in Mondelez International in the 4th quarter valued at $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.4%

MDLZ stock opened at $61.78 on Wednesday. The firm has a 50 day simple moving average of $61.07 and a 200-day simple moving average of $59.83. The company has a market capitalization of $78.85 billion, a P/E ratio of 22.71, a PEG ratio of 2.50 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio is 73.53%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. BTIG Research began coverage on Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. TD Cowen increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane lifted their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, UBS Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.30.

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.