Saudi Central Bank boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 88.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 89,729 shares of the company’s stock after buying an additional 42,100 shares during the period. Saudi Central Bank’s holdings in Mondelez International were worth $5,190,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Angeles Wealth Management LLC purchased a new stake in shares of Mondelez International during the second quarter valued at $232,000. NBH Bank purchased a new position in Mondelez International in the 2nd quarter worth about $226,000. Highland Investment Advisors LLC purchased a new position in Mondelez International in the 2nd quarter worth about $188,000. Odyssean LLC bought a new position in Mondelez International during the 2nd quarter valued at about $2,242,000. Finally, Syon Capital LLC lifted its stake in Mondelez International by 51.1% during the 2nd quarter. Syon Capital LLC now owns 10,805 shares of the company’s stock valued at $625,000 after acquiring an additional 3,654 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MDLZ has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.30.
Mondelez International Stock Performance
Shares of NASDAQ:MDLZ opened at $61.28 on Monday. The stock’s 50-day simple moving average is $61.53 and its two-hundred day simple moving average is $60.23. The stock has a market capitalization of $78.21 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.40 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is 73.53%.
Insider Activity
In related news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by insiders.
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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