The Manufacturers Life Insurance Company reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 14.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 683,255 shares of the company’s stock after selling 116,922 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Mondelez International worth $39,519,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new position in Mondelez International in the fourth quarter valued at about $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new stake in Mondelez International during the 4th quarter worth about $28,000. Navalign LLC bought a new stake in Mondelez International during the 4th quarter worth about $31,000. Finally, MV Capital Management Inc. acquired a new position in Mondelez International during the 4th quarter valued at about $31,000. Institutional investors own 78.32% of the company’s stock.
Insider Activity
In other news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.
Mondelez International Trading Down 0.0%
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts predict 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. Shareholders of record on Wednesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. Mondelez International’s dividend payout ratio is currently 76.47%.
Analyst Upgrades and Downgrades
MDLZ has been the subject of several analyst reports. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays increased their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. TD Cowen raised their price objective 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. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $67.30.
Check Out Our Latest Research Report on MDLZ
About Mondelez International
Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.
Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.
Mondelez was established in 2012 following the separation of Kraft Foods’ global snacks business from its North American grocery operations.
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