Gibbs Wealth Management Boosts Stock Holdings in Mondelez International, Inc. $MDLZ

Gibbs Wealth Management lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 201.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 18,257 shares of the company’s stock after acquiring an additional 12,198 shares during the quarter. Gibbs Wealth Management’s holdings in Mondelez International were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Mondelez International during the fourth quarter valued at $1,010,020,000. Capital International Investors raised its position in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after acquiring an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after acquiring an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after acquiring an additional 2,801,689 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDLZ shares. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. UBS Group increased 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, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday. Barclays raised their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $66.44.

Mondelez International Stock Performance

MDLZ opened at $60.52 on Friday. The firm’s fifty day simple moving average is $60.88 and its two-hundred day simple moving average is $59.23. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $70.61. The company has a market cap of $77.69 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.49 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) last released its 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 net margin of 6.64% and a return on equity of 14.14%. The business 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 company earned $0.76 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Mondelez International, Inc. will post 3.04 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

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.