Odyssean LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 38,770 shares of the company’s stock, valued at approximately $2,242,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter valued at $1,010,020,000. Capital International Investors raised its position in Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after purchasing an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after buying an additional 3,803,776 shares during the period. Finally, Bank of Montreal Can raised its stake in Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after acquiring an additional 2,801,689 shares during the period. 78.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
MDLZ has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BNP Paribas Exane increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Barclays lifted their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.
Insider Transactions at Mondelez International
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 completion of the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Price Performance
MDLZ opened at $61.28 on Friday. The company 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. The business’s fifty day simple moving average is $61.53 and its 200-day simple moving average is $60.24. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted 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. The company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. 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 73.53%.
Mondelez International Company Profile
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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