Envestnet Asset Management Inc. Raises Position in Mondelez International, Inc. $MDLZ

Key Points

• Envestnet Asset Management increased its Mondelez stake by 0.7% in the second quarter, bringing its holdings to 3.78 million shares worth approximately $218.5 million. Hedge funds and institutional investors collectively own 78.32% of MDLZ.
• Mondelez beat quarterly estimates with $0.73 in EPS and $9.36 billion in revenue, while revenue rose 4.1% year over year. The company also increased its quarterly dividend to $0.52 per share, implying a 3.4% annual yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $67.30 average price target versus its recent $60.86 price. CEO Dirk Van de Put sold 133,580 shares under a pre-arranged Rule 10b5-1 plan.

Envestnet Asset Management Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,777,181 shares of the company's stock after acquiring an additional 25,926 shares during the period. Envestnet Asset Management Inc. owned approximately 0.30% of Mondelez International worth $218,472,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in Mondelez International during the fourth quarter valued at approximately $1,010,020,000. Capital International Investors raised its position in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company's stock worth $4,681,024,000 after buying an additional 8,382,270 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company's stock valued at $489,299,000 after buying an additional 3,803,776 shares during the period. Deutsche Bank AG grew its position in Mondelez International by 12.5% during the fourth quarter. Deutsche Bank AG now owns 14,353,633 shares of the company's stock worth $772,656,000 after buying an additional 1,589,713 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in Mondelez International in the 2nd quarter worth about $74,341,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $60.86 on Friday. The business's 50 day simple moving average is $62.12 and its two-hundred day simple moving average is $60.43. 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 current ratio of 0.60 and a quick ratio of 0.40. The stock has a market capitalization of $77.68 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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 company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. This is a positive change 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 of this dividend is Wednesday, September 30th. Mondelez International's payout ratio is 73.53%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MDLZ. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Freedom Capital downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. TD Cowen upped their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, BNP Paribas Exane raised their price objective on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a report 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.30.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Mondelez International 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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