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

Market Beat
2026.05.06 09:57
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Truist Financial Corp has reduced its stake in Mondelez International, Inc. by 8.2%, selling 58,790 shares, leaving it with 654,548 shares valued at approximately $35.2 million. Other institutional investors have also adjusted their positions in Mondelez. The company recently reported strong quarterly earnings, exceeding expectations, and declared a quarterly dividend of $0.50 per share. Analysts have varied ratings on Mondelez, with price targets ranging from $62 to $70.