Bank of New York Mellon Corp Sells 434,958 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Bank of New York Mellon reduced its Mondelez stake by 5.1%, selling 434,958 shares and retaining 8.02 million shares valued at approximately $464.1 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Mondelez reported quarterly revenue of $9.36 billion and adjusted EPS of $0.73, exceeding analyst expectations, while revenue increased 4.1% year over year.
• The company raised its quarterly dividend from $0.50 to $0.52 per share, implying an annualized dividend of $2.08 and a 3.2% yield. Analysts maintain a consensus “Moderate Buy” rating with a $67.30 price target.

Bank of New York Mellon Corp decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,023,098 shares of the company's stock after selling 434,958 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Mondelez International worth $464,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC grew its position in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares during the period. United Bank boosted its stake in shares of Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company's stock worth $1,771,000 after buying an additional 3,070 shares during the last quarter. Sei Investments Co. grew its stake in Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company's stock valued at $36,924,000 after purchasing an additional 71,667 shares during the period. Osterweis Capital Management Inc. increased its holdings in Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company's stock worth $92,000 after buying an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company's stock worth $532,000 after purchasing an additional 4,668 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.5%

MDLZ opened at $64.45 on Friday. The company has a market capitalization of $82.26 billion, a PE ratio of 23.69, a PEG ratio of 2.61 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 firm's 50 day simple moving average is $61.22 and its two-hundred day simple moving average is $60.11. 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 issued its earnings results 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Mondelez International's quarterly 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, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current 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 3.2%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's payout ratio is currently 73.53%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. UBS Group lifted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 26th. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Barclays raised their price objective 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 investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.30.

Insider Activity at Mondelez International

In other news, CEO De Put Dirk Van sold 133,580 shares of Mondelez International stock in a transaction that occurred 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 completion of the sale, 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 legal filing with the SEC, 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 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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