Allworth Financial LP Sells 61,213 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Allworth Financial reduced its Mondelez stake by 14%, selling 61,213 shares and retaining 375,906 shares valued at approximately $21.7 million. Institutional investors collectively own 78.32% of MDLZ.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $67.30 price target. Recent target increases from BNP Paribas Exane, JPMorgan, and TD Cowen helped support the outlook.
• Mondelez exceeded quarterly expectations, reporting $0.73 in adjusted EPS and $9.36 billion in revenue, while revenue rose 4.1% year over year. The company also raised its quarterly dividend to $0.52 per share, implying a 3.4% yield.

Allworth Financial LP decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,906 shares of the company's stock after selling 61,213 shares during the quarter. Allworth Financial LP's holdings in Mondelez International were worth $21,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp acquired a new position in Mondelez International during the fourth quarter worth $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Mondelez International in the 4th quarter valued at about $28,000. Navalign LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $31,000. Finally, MV Capital Management Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth about $31,000. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MDLZ. BNP Paribas Exane raised their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research note 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 research note on Wednesday, July 29th. Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Finally, TD Cowen increased their price target on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the company'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 $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a filing 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 Stock Performance

MDLZ traded up $0.35 on Tuesday, reaching $61.63. The company had a trading volume of 10,082,524 shares, compared to its average volume of 9,437,966. The stock has a market cap of $78.66 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.40 and a beta of 0.39. 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, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The company's fifty day moving average is $61.55 and its 200 day moving average is $60.24.

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 (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period last year, the business posted $0.73 earnings per share. The business's revenue for the quarter 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, analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors 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 yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's payout ratio is 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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