Huntington National Bank Has $12.37 Million Stake in Mondelez International, Inc. $MDLZ

Huntington National Bank decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,711 shares of the company’s stock after selling 18,538 shares during the quarter. Huntington National Bank’s holdings in Mondelez International were worth $12,365,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. JPMorgan Chase & Co. grew its position in shares of Mondelez International by 17.1% during the 3rd 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 boosted its stake in Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after acquiring an additional 6,958,868 shares during the last quarter. Van ECK Associates Corp boosted its stake in Mondelez International by 103.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after acquiring an additional 2,637,287 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Mondelez International by 63.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after acquiring an additional 1,849,482 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after acquiring an additional 1,646,213 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.39 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The firm’s 50 day moving average price is $59.10 and its two-hundred day moving average price is $57.71. The firm has a market cap of $80.09 billion, a P/E ratio of 31.04, a PEG ratio of 2.44 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s payout ratio is presently 99.50%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MDLZ shares. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. DA Davidson reissued a “neutral” rating and set a $62.00 price objective on shares of Mondelez International in a research note on Wednesday, February 4th. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.