Corient Private Wealth LP Buys 112,372 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Corient Private Wealth increased its Mondelez stake by 10.4% in the second quarter, purchasing 112,372 additional shares and bringing its holdings to 1.20 million shares valued at approximately $69.2 million. Institutional investors collectively own 78.32% of MDLZ.
• Mondelez reported quarterly EPS of $0.73 and revenue of $9.36 billion, exceeding analyst estimates, while revenue rose 4.1% year over year. Analysts maintain a “Moderate Buy” consensus with a $67.30 average price target.
• The company raised its quarterly dividend from $0.50 to $0.52 per share, equal to a $2.08 annualized payout and a 3.3% yield. Shares opened at $62.44, compared with a 52-week range of $51.20 to $66.65.

Corient Private Wealth LP lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,196,479 shares of the company's stock after buying an additional 112,372 shares during the period. Corient Private Wealth LP owned about 0.09% of Mondelez International worth $69,204,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised 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 valued at $874,000 after purchasing an additional 7,025 shares during the period. United Bank boosted its stake in Mondelez International by 13.2% in the 2nd 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 Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company's stock worth $36,924,000 after purchasing an additional 71,667 shares during the period. Osterweis Capital Management Inc. grew its holdings in Mondelez International by 4,470.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company's stock valued at $92,000 after buying an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in Mondelez International by 144.9% during 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 in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. BNP Paribas Exane upped 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. 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 report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.

Mondelez International Trading Down 0.0%

Shares of MDLZ opened at $62.44 on Friday. The firm's 50 day simple moving average is $61.75 and its 200 day simple moving average is $60.32. The company has a market capitalization of $79.69 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.44 and a beta of 0.39. 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 1-year low of $51.20 and a 1-year high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 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 business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share 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 $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 73.53%.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm's 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 sale, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

About Mondelez International

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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