WASHINGTON TRUST Co Sells 12,826 Shares of Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

WASHINGTON TRUST Co trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 221,208 shares of the company’s stock after selling 12,826 shares during the period. WASHINGTON TRUST Co’s holdings in Mondelez International were worth $11,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International in the third quarter worth $27,000. JPL Wealth Management LLC bought a new position in shares of Mondelez International during the third quarter valued at $32,000. McIlrath & Eck LLC purchased a new position in shares of Mondelez International in the 4th quarter worth about $30,000. High Point Wealth Management LLC bought a new position in Mondelez International in the 4th quarter worth about $30,000. Finally, Navalign LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a report on Wednesday, February 4th. Wells Fargo & Company raised their price target on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Rothschild & Co Redburn restated a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. 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. Finally, Piper Sandler increased their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Read Our Latest Stock Report on MDLZ

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $61.17 on Friday. The firm’s 50-day moving average price is $59.19 and its 200-day moving average price is $57.73. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a market cap of $78.52 billion, a PE ratio of 30.43, a PEG ratio of 2.44 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

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

Mondelez International Company Profile

(Free Report)

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.

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