BNP Paribas Raises Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• BNP Paribas increased its Mondelez position by 49.8% in the second quarter, adding 36,868 shares to hold 110,854 shares valued at approximately $6.4 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Recent firms raised targets to between $70 and $73.
• Mondelez exceeded quarterly expectations, reporting $0.73 in EPS and $9.36 billion in revenue, while revenue rose 4.1% year over year. The company also raised its quarterly dividend from $0.50 to $0.52 per share, representing a 3.3% annualized yield.

BNP Paribas lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 49.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,854 shares of the company's stock after purchasing an additional 36,868 shares during the period. BNP Paribas' holdings in Mondelez International were worth $6,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $25,000. Advocate Investing Services LLC bought a new position in Mondelez International during the fourth quarter worth $25,000. JPL Wealth Management LLC acquired a new position in Mondelez International in the third quarter worth $32,000. Kemnay Advisory Services Inc. bought a new stake in Mondelez International during the fourth quarter valued at $28,000. Finally, McIlrath & Eck LLC bought a new stake in Mondelez International during the fourth quarter valued at $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. TD Cowen increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Barclays raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.30.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $62.36 on Friday. The company's fifty day moving average is $61.44 and its two-hundred day moving average is $60.23. The firm has a market capitalization of $79.59 billion, a price-to-earnings ratio of 22.93, a P/E/G 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 52-week low of $51.20 and a 52-week high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business 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 firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced 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 represents a $2.08 dividend on an annualized basis and a yield of 3.3%. 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. Mondelez International's dividend payout ratio (DPR) is currently 73.53%.

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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