Dearborn Partners LLC Invests $13.82 Million in Mondelez International, Inc. $MDLZ

Key Points

• Dearborn Partners acquired 238,885 Mondelez shares worth approximately $13.82 million during the second quarter, while institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Mondelez also beat quarterly earnings and revenue estimates, reporting $0.73 in EPS and $9.36 billion in revenue.
• Mondelez increased its quarterly dividend from $0.50 to $0.52 per share, implying an annualized dividend of $2.08 and a 3.3% yield; meanwhile, CEO Dirk Van de Put sold shares under a pre-arranged trading plan.

Dearborn Partners LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 238,885 shares of the company's stock, valued at approximately $13,817,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Brooks Moore & Associates Inc. purchased a new position in Mondelez International in the 2nd quarter worth approximately $1,357,000. Public Employees Retirement System of Ohio purchased a new stake in Mondelez International during the 2nd quarter valued at approximately $28,143,000. First Bancorp Inc ME purchased a new stake in Mondelez International during the 2nd quarter valued at approximately $198,000. Ancora Advisors LLC bought a new stake in shares of Mondelez International during the second quarter valued at approximately $234,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Mondelez International during the second quarter valued at approximately $11,387,000. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. BNP Paribas Exane raised their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a "buy" rating and issued a $73.00 price target on shares of Mondelez International in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $67.30.

Insider Buying and Selling at Mondelez International

In other news, CEO De Put Dirk Van sold 133,580 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Stock Down 0.9%

NASDAQ MDLZ opened at $62.43 on Friday. The stock has a 50 day moving average price of $61.39 and a 200-day moving average price of $60.22. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. 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 company has a market capitalization of $79.68 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.56 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion for 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%. Mondelez International's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.52 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International's payout ratio is presently 73.53%.

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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