Commerzbank Aktiengesellschaft FI Sells 434,378 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Commerzbank Aktiengesellschaft FI cut its Mondelez stake by 77% in the second quarter, selling 434,378 shares and retaining 129,672 shares valued at approximately $7.5 million.
• Mondelez beat quarterly estimates with $0.73 in EPS and $9.36 billion in revenue, while revenue increased 4.1% year over year. The company raised its quarterly dividend to $0.52, equivalent to a 3.3% annualized yield.
• Wall Street maintains a “Moderate Buy” consensus on MDLZ, with an average price target of $67.30 versus the reported share price of $62.66.

Commerzbank Aktiengesellschaft FI decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 77.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,672 shares of the company's stock after selling 434,378 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Mondelez International were worth $7,500,000 at the end of the most recent quarter.

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

Mondelez International Trading Up 0.8%

NASDAQ:MDLZ opened at $62.66 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $61.18 and a two-hundred day simple moving average of $59.99. The stock has a market capitalization of $79.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the business earned $0.73 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.52 dividend. This represents a $2.08 annualized dividend 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 payout ratio is 73.53%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDLZ. UBS Group increased their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. Barclays raised their price target 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. Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Finally, TD Cowen boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.30.

About Mondelez International

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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