First Bank & Trust Acquires 17,768 Shares of Mondelez International, Inc. $MDLZ

Key Points

• First Bank & Trust increased its Mondelez stake by 80.5% in the third quarter, acquiring 17,768 additional shares and bringing its holdings to 39,852 shares valued at approximately $2.3 million.
• Institutional ownership remains high at 78.32%, while analysts maintain a “Moderate Buy” consensus with an average price target of $68.86. Seventeen analysts rate MDLZ a Buy, compared with ten Holds.
• Mondelez exceeded quarterly expectations with $0.73 in EPS and $9.36 billion in revenue, while raising its quarterly dividend to $0.52 per share, equivalent to a 3.3% yield. CEO Dirk Van de Put separately sold 133,580 shares under a pre-arranged trading plan.

First Bank & Trust lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 80.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,852 shares of the company's stock after buying an additional 17,768 shares during the quarter. First Bank & Trust's holdings in Mondelez International were worth $2,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of Mondelez International by 1.1% during the 2nd quarter. Deutsche Bank AG now owns 13,016,006 shares of the company's stock valued at $752,846,000 after buying an additional 140,351 shares during the period. Dimensional Fund Advisors LP lifted its position in Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock valued at $543,900,000 after purchasing an additional 916,235 shares in the last quarter. Bank of New York Mellon Corp increased its position in Mondelez International by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company's stock worth $487,522,000 after buying an additional 106,636 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Mondelez International by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company's stock valued at $218,472,000 after purchasing an additional 25,926 shares during the period. Finally, Swiss National Bank increased its stake in Mondelez International by 6.8% in the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company's stock worth $218,278,000 after buying an additional 241,100 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MDLZ. HSBC increased their target price on Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Piper Sandler boosted their target price on shares of Mondelez International from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Freedom Capital lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $68.86.

Insider Buying and Selling

In related news, CEO Dirk Van de Put 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 transaction, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $63.91 on Monday. The stock has a market cap of $81.57 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.52 and a beta of 0.38. 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 stock has a 50 day moving average price of $61.66 and a 200-day moving average price of $60.82. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (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 the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. Mondelez International's revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's dividend payout ratio is presently 76.47%.

About Mondelez International

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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