B. Metzler seel. Sohn & Co. AG cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,180 shares of the company's stock after selling 23,863 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Mondelez International were worth $8,976,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Mondelez International during the 4th quarter worth $1,010,020,000. Capital International Investors boosted its stake in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company's stock valued at $4,681,024,000 after purchasing an additional 8,382,270 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company's stock valued at $2,011,444,000 after purchasing an additional 3,993,811 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company's stock worth $489,299,000 after purchasing an additional 3,803,776 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company's stock worth $230,062,000 after acquiring an additional 2,801,689 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Stock Up 1.4%
Shares of NASDAQ MDLZ opened at $62.45 on Thursday. The firm has a market cap of $79.71 billion, a PE ratio of 22.96, a P/E/G ratio of 2.41 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The company's fifty day simple moving average is $61.51 and its 200 day simple moving average is $60.24. 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 results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is currently 73.53%.
Insider Transactions at Mondelez International
In other Mondelez International news, CEO De Put Dirk Van sold 133,580 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MDLZ. BNP Paribas Exane increased 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. TD Cowen raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.30.
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Mondelez International Profile
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Free Report)
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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