Russell Investments Group Ltd. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 19.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,198,130 shares of the company’s stock after buying an additional 194,137 shares during the quarter. Russell Investments Group Ltd.’s holdings in Mondelez International were worth $69,332,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. J.Safra Asset Management Corp purchased a new position in Mondelez International during the 4th quarter valued at about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $28,000. High Point Wealth Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MDLZ has been the topic of several research reports. UBS Group upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Barclays lifted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.
Mondelez International Trading Down 2.2%
Shares of MDLZ stock opened at $62.18 on Tuesday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a market cap of $79.36 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $61.18 and its two-hundred day moving average is $59.96.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is 73.53%.
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.
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