24,976 Shares of Mondelez International, Inc. $MDLZ Purchased by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC purchased 24,976 Mondelez shares worth approximately $1.46 million, while institutional investors collectively own 78.32% of MDLZ.
• Mondelez reported quarterly revenue of $9.36 billion and adjusted EPS of $0.73, exceeding analyst expectations; revenue increased 4.1% year over year. The stock recently traded at $62.57.
• The company raised its quarterly dividend to $0.52 per share, equivalent to $2.08 annually and a 3.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.82.

Sanders Morris Harris LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,976 shares of the company's stock, valued at approximately $1,456,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Deutsche Bank AG lifted its stake in Mondelez International by 1.1% in the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company's stock worth $752,846,000 after acquiring an additional 140,351 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mondelez International by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock worth $543,900,000 after purchasing an additional 916,235 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Mondelez International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company's stock worth $487,522,000 after purchasing an additional 106,636 shares during the period. Swiss National Bank lifted its position in shares of Mondelez International by 6.8% in the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company's stock worth $218,278,000 after purchasing an additional 241,100 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Mondelez International by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company's stock worth $218,472,000 after purchasing an additional 25,926 shares during the period. 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 Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.

Mondelez International Stock Up 1.7%

Shares of NASDAQ:MDLZ traded up $1.07 during trading on Wednesday, reaching $62.57. 7,297,533 shares of the stock traded hands, compared to its average volume of 9,213,514. The stock has a market cap of $79.86 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a 50-day moving average of $61.63 and a two-hundred day moving average of $60.71. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The company's quarterly 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. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's payout ratio is 76.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MDLZ shares. BNP Paribas Exane boosted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays increased their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $58.00 to $60.00 and gave the company a "hold" rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $68.82.

Mondelez International Profile

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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