Concurrent Investment Advisors LLC Buys 19,286 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Concurrent Investment Advisors increased its Mondelez stake by 33% in the second quarter, purchasing 19,286 shares and bringing its holdings to 77,724 shares valued at approximately $4.5 million. Institutional investors collectively own 78.32% of MDLZ.
• Mondelez reported quarterly revenue of $9.36 billion and adjusted EPS of $0.73, exceeding analyst expectations, while revenue rose 4.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.30.
• Mondelez raised its quarterly dividend to $0.52 per share, implying an annualized dividend of $2.08 and a 3.4% yield. CEO Dirk Van de Put separately sold 133,580 shares under a pre-arranged trading plan.

Concurrent Investment Advisors LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,724 shares of the company's stock after purchasing an additional 19,286 shares during the period. Concurrent Investment Advisors LLC's holdings in Mondelez International were worth $4,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp acquired a new position in Mondelez International during the fourth quarter worth $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in Mondelez International in the fourth quarter valued at $28,000. Navalign LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Finally, MV Capital Management Inc. bought a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ opened at $61.28 on Monday. The company's 50-day moving average is $61.53 and its 200-day moving average is $60.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market capitalization of $78.21 billion, a PE ratio of 22.53, a PEG ratio of 2.40 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. Mondelez International'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. Equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS 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 issued a dividend of $0.52 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend payout ratio is presently 73.53%.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale 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. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Weiss Ratings upgraded Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.30.

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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