BlackRock Inc. Has $6.13 Billion Holdings in Mondelez International, Inc. $MDLZ

Key Points

• BlackRock held 105.97 million Mondelez shares worth approximately $6.13 billion at the end of the second quarter, representing an 8.26% stake. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Recent targets from Jefferies, TD Cowen and Barclays range from $70 to $73.
• Mondelez beat quarterly expectations with adjusted EPS of $0.73 and revenue of $9.36 billion, while revenue increased 4.1% year over year. The company also raised its quarterly dividend to $0.52 per share, implying a 3.3% annualized yield.

BlackRock Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,969,321 shares of the company's stock after purchasing an additional 35,406 shares during the period. BlackRock Inc. owned about 8.26% of Mondelez International worth $6,129,266,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MDLZ. Whipplewood Advisors LLC boosted its holdings 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 acquiring an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Mondelez International by 3.5% during the 1st 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 purchasing an additional 173 shares during the last quarter. Granite Investment Partners LLC raised its holdings in Mondelez International by 0.6% during the 1st 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 last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Mondelez International by 2.1% in the 1st 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, Columbia Asset Management lifted its position in shares of Mondelez International by 1.3% in the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company's stock worth $746,000 after purchasing an additional 180 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Freedom Capital cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, Barclays lifted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.30.

Mondelez International Stock Up 0.8%

Shares of NASDAQ:MDLZ opened at $62.66 on Wednesday. The business's 50 day simple moving average is $61.18 and its two-hundred day simple moving average is $59.99. The firm has a market cap of $79.97 billion, a P/E ratio of 23.04, a PEG ratio of 2.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.3%. Mondelez International's payout ratio 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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