Associated Banc Corp Has $18.32 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Associated Banc Corp reduced its Mondelez International stake by 24.9% in the second quarter, selling 105,180 shares and retaining 316,811 shares valued at approximately $18.32 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $67.30. Several firms recently raised their targets to between $70 and $72.
• Mondelez beat quarterly expectations, reporting $0.73 in adjusted earnings per share and $9.36 billion in revenue, up 4.1% year over year. The company also declared a $0.50 quarterly dividend, representing a 3.1% annualized yield.

Associated Banc Corp cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,811 shares of the company's stock after selling 105,180 shares during the quarter. Associated Banc Corp's holdings in Mondelez International were worth $18,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Whipplewood Advisors LLC raised its holdings 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 buying an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock valued at $292,000 after buying an additional 173 shares in the last quarter. Granite Investment Partners LLC boosted its stake in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock valued at $1,688,000 after buying an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position 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 valued at $515,000 after acquiring an additional 179 shares during the last quarter. Finally, Columbia Asset Management grew its position in Mondelez International by 1.3% in the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company's stock valued at $746,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MDLZ shares. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. 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 report on Wednesday, July 29th. TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Barclays increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $67.30.

Mondelez International Stock Up 0.1%

Shares of NASDAQ MDLZ opened at $63.61 on Friday. The company has a 50 day simple moving average of $61.17 and a 200 day simple moving average of $59.92. The firm has a market cap of $81.19 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

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 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 company had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Mondelez International's revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 73.53%.

Mondelez International 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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