Amundi Has $178.18 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• Amundi reduced its Mondelez position by 5% in the second quarter, selling 162,426 shares and retaining 3.08 million shares valued at approximately $178.2 million. Institutional investors collectively own 78.32% of the company.
• Mondelez reported quarterly EPS of $0.73, exceeding estimates by $0.05, while revenue rose 4.1% year over year to $9.36 billion. The company also increased its quarterly dividend to $0.52 per share, representing a 3.4% annualized yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $67.30, compared with a recent share price of $61.63.

Amundi lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,080,604 shares of the company's stock after selling 162,426 shares during the quarter. Amundi owned about 0.24% of Mondelez International worth $178,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MDLZ. Whipplewood Advisors LLC lifted its stake in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock valued at $37,000 after buying an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Mondelez International by 3.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock worth $292,000 after acquiring an additional 173 shares in the last quarter. Granite Investment Partners LLC grew its holdings in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock worth $1,688,000 after purchasing an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in Mondelez International by 2.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock worth $515,000 after purchasing an additional 179 shares during the period. Finally, Commonwealth Retirement Investments LLC increased its stake in Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company's stock valued at $1,108,000 after purchasing an additional 180 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the business'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 owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company's stock.

Mondelez International Stock Up 0.6%

Shares of NASDAQ:MDLZ opened at $61.63 on Wednesday. The business's 50 day moving average is $61.63 and its 200 day moving average is $60.25. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The stock has a market cap of $78.66 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.40 and a beta of 0.39. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (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 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 previous year, the firm earned $0.73 EPS. 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. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. Mondelez International's dividend payout ratio (DPR) is 76.47%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. TD Cowen increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted their price objective on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Barclays upped their target price on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Profile

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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