Truist Financial Corp Sells 58,790 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Sold 58,790 shares: Truist Financial Corp reduced its Mondelez stake by 8.2% to 654,548 shares, worth about $35.23 million after the sale.
• Q1 beat and guidance: Mondelez reported $0.67 EPS vs. $0.61 expected and $10.08B revenue vs. $9.75B expected, and set FY26 EPS guidance of 2.920–3.060 (analysts forecast ~3.06).
• Dividend and payout: The company paid a $0.50 quarterly dividend (annualized $2.00) for a ~3.3% yield, while its payout ratio stands high at 99.5%.

Truist Financial Corp decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 654,548 shares of the company's stock after selling 58,790 shares during the period. Truist Financial Corp owned about 0.05% of Mondelez International worth $35,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International in the third quarter worth approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company's stock worth $30,000 after purchasing an additional 282 shares in the last quarter. High Point Wealth Management LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $30,000. JPL Wealth Management LLC acquired a new position in shares of Mondelez International during the third quarter worth $32,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $34,000. Institutional investors own 78.32% of the company's stock.

Insider Buying and Selling

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares of the company's stock, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,064 shares of company stock valued at $189,934 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.36 on Wednesday. The stock has a 50-day moving average of $58.01 and a two-hundred day moving average of $57.45. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The stock has a market cap of $78.65 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.40 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $9.75 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm'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. As a group, research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International's payout ratio is currently 99.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MDLZ shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Piper Sandler upped their price target on Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Morgan Stanley upped their price target on Mondelez International from $66.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. Wall Street Zen raised Mondelez International from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.05.

Mondelez International Profile

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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