Benjamin Edwards Inc. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,029 shares of the company's stock after buying an additional 86,404 shares during the period. Benjamin Edwards Inc.'s holdings in Mondelez International were worth $34,531,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MDLZ. Capital International Investors grew its holdings 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 buying an additional 8,382,270 shares during the last quarter. State Street Corp raised its holdings in shares of Mondelez International by 1.5% in the 4th quarter. State Street Corp now owns 61,217,193 shares of the company's stock worth $3,325,625,000 after acquiring an additional 908,076 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company's stock worth $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Geode Capital Management LLC lifted its position in Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company's stock valued at $1,570,182,000 after acquiring an additional 108,179 shares in the last quarter. Finally, Norges Bank bought a new position in Mondelez International in the 4th quarter valued at about $1,010,020,000. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Trading Down 0.1%
Shares of MDLZ stock opened at $62.36 on Friday. The company's fifty day simple moving average is $61.44 and its two-hundred day simple moving average is $60.23. The stock has a market capitalization of $79.59 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.53 and a beta of 0.38. 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, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter last year, the company earned $0.73 EPS. The firm's 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, analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.
Mondelez International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Mondelez International's dividend payout ratio is currently 73.53%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Barclays upped their price target on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Freedom Capital downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. 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. Finally, TD Cowen raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.
View Our Latest Research Report on Mondelez International
Insider Buying and Selling
In other Mondelez International 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 transaction, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by insiders.
Mondelez International Company Profile
(
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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