Commonwealth Retirement Investments LLC Lowers Position in Mondelez International, Inc. $MDLZ

Commonwealth Retirement Investments LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 83.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,826 shares of the company's stock after selling 18,686 shares during the period. Commonwealth Retirement Investments LLC's holdings in Mondelez International were worth $221,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDLZ. OLD Republic International Corp raised its holdings in Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company's stock valued at $22,291,000 after buying an additional 252,700 shares during the period. Allstate Corp grew its stake in Mondelez International by 107.7% during the fourth quarter. Allstate Corp now owns 97,522 shares of the company's stock worth $5,250,000 after buying an additional 50,562 shares during the period. BNP Paribas Financial Markets grew its stake in 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. VCI Wealth Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $970,000. Finally, PKO Investment Management Joint Stock Co increased its position in shares of Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company's stock worth $5,440,000 after acquiring an additional 54,066 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDLZ. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Freedom Capital downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, UBS Group boosted their price objective on 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 given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.61 on Monday. The company's fifty day simple moving average is $61.17 and its 200-day simple moving average is $59.93. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week 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. The stock has a market cap of $81.19 billion, a P/E ratio of 23.39, a PEG ratio of 2.59 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The business's quarterly revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International's dividend payout ratio is presently 73.53%.

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.

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