42,688 Shares of Mondelez International, Inc. $MDLZ Acquired by NBT Bank N.A.

Key Points

• NBT Bank acquired 42,688 Mondelez shares valued at approximately $2.47 million during the third quarter. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $68.86. Recent targets range from $68 to $73.
• Mondelez reported quarterly revenue of $9.36 billion and adjusted earnings of $0.73 per share, exceeding estimates, while raising its quarterly dividend to $0.52 per share, equivalent to a 3.2% yield.

NBT Bank N.A. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,688 shares of the company's stock, valued at approximately $2,468,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Miller Global Investments LLC purchased a new stake in Mondelez International during the third quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH bought a new position in Mondelez International in the third quarter worth approximately $28,000. Ballast Advisors LLC bought a new position in Mondelez International in the first quarter worth approximately $34,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter worth $35,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on Mondelez International from $72.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. Finally, BNP Paribas Exane lifted their target price on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $68.86.

Mondelez International Trading Up 3.9%

Mondelez International stock opened at $65.19 on Friday. The firm has a 50 day moving average of $61.78 and a 200 day moving average of $61.00. The firm has a market capitalization of $83.20 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. 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 (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 EPS 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 company had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter last year, the business earned $0.73 EPS. The firm's revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, September 30th. Mondelez International's dividend payout ratio is currently 76.47%.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Profile

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

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

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