California State Teachers Retirement System Buys 21,692 Shares of Mondelez International, Inc. $MDLZ

California State Teachers Retirement System lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,056,832 shares of the company's stock after buying an additional 21,692 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Mondelez International worth $118,967,163 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MDLZ. Whipplewood Advisors LLC boosted its position 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 buying an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Mondelez International by 3.5% during the first 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 buying an additional 173 shares during the period. Granite Investment Partners LLC grew 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 valued at $1,688,000 after purchasing an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Mondelez International by 2.1% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock worth $515,000 after buying an additional 179 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC lifted its holdings in shares of Mondelez International by 0.9% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company's stock valued at $1,108,000 after purchasing an additional 180 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent analyst reports. Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Weiss Ratings upgraded Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. BNP Paribas Exane lifted their target price on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays boosted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a "buy" rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. One investment 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 company. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.29 during midday trading on Tuesday, reaching $62.10. 2,092,092 shares of the company traded hands, compared to its average volume of 9,340,696. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The firm has a market cap of $79.26 billion, a PE ratio of 22.84, a PEG ratio of 2.44 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock's 50-day simple moving average is $61.81 and its 200-day simple moving average is $60.32.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion for 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 company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous 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, equities analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal 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 issued a dividend of $0.52 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.3%. Mondelez International's payout ratio is currently 76.47%.

Insider Buying and Selling at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company's stock.

Mondelez International Company Profile

Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.

Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.

Mondelez was established in 2012 following the separation of Kraft Foods' global snacks business from its North American grocery operations.

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