Confluence trims stake as Mondelez International stock sits 12.69 percent below high
Published on 10/05/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Mondelez International (ISIN US6092071058) saw Confluence Investment Management trim 78,347 shares, or 3.80 percent of its stake, in the third quarter, according to MarketBeat on October 1, 2026. The Nasdaq price stood 12.69 percent below its USD 66.65 52-week high, based on a USD 58.19 close on October 2, 2026.
Stake reduction meets operating beat
The filing put Confluence's remaining holding at 1.97 million shares worth USD 113.7 million, equal to 1.70 percent of its portfolio. That transaction is an institutional positioning signal, while the operating data point to a stronger near-term earnings base.
For the second quarter of 2026, Mondelez International identified the reporting period as its second quarter, and MarketBeat reported revenue of USD 9.36 billion versus USD 9.21 billion consensus. Adjusted earnings per share reached USD 0.73 against USD 0.68 expected, while revenue increased 4.10 percent from the prior-year quarter.
Targets stay above the market
MarketBeat also listed TD Cowen raising its target from USD 67.00 to USD 70.00 on July 29, 2026, and JPMorgan lifting its target from USD 70.00 to USD 72.00 on the same date. The report described a Moderate Buy consensus with an average target of USD 67.05, although that figure is in the primary-exchange currency and is not directly comparable with the euro reference quote.
The valuation case has a clear counterweight. Simply Wall St wrote on October 3, 2026 that Mondelez is rolling out Toblerone Diamond Truffles with Biscoff and investing in Canadian farm supply chains. It also identified tighter cocoa markets and softer North American demand as risks to margins.
Euro quote remains below the yearly high
Mondelez International was trading at EUR 51.87 at Lang & Schwarz on October 5, 2026 at 11:40 a.m. CEST, up 0.27 percent versus the prior close of EUR 51.73 on October 2, 2026. On Nasdaq, the stock closed at USD 58.19 on October 2, 2026 at 4:00 p.m. EDT, with a 52-week range of USD 51.20 to USD 66.65.
The further course of trading is shown by the continuously updated real-time quote of Mondelez International stock.
Mondelez International market facts
- Company: Mondelez International, Inc.
- ISIN: US6092071058
- Ticker: MDLZ
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 5, 2026 at 11:40 a.m. CEST: EUR 51.87
- Change versus prior close: plus 0.27 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 51.73
- Market capitalization: USD 74.3 billion as of October 2, 2026
- 52-week range: USD 51.20-66.65 as of October 2, 2026
- Sector / Industry: Consumer Defensive / Confectioners
- Next earnings date: October 27, 2026
