First National Bank of Omaha Has $11.66 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• First National Bank of Omaha reduced its Mondelez stake by 8% in the second quarter, selling 17,278 shares and retaining 197,409 shares valued at approximately $11.66 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a positive outlook, with Mondelez carrying a “Moderate Buy” consensus rating and an average price target of $67.30. Recent targets range from $70 to $73.
• Mondelez exceeded quarterly expectations 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 3.3% annual yield.

First National Bank of Omaha lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,409 shares of the company's stock after selling 17,278 shares during the quarter. First National Bank of Omaha's holdings in Mondelez International were worth $11,664,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its holdings in Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after purchasing an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock valued at $292,000 after purchasing an additional 173 shares during the period. Granite Investment Partners LLC boosted its stake in shares of Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock valued at $1,688,000 after purchasing an additional 177 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Mondelez International by 2.1% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock valued at $515,000 after purchasing an additional 179 shares during the last quarter. Finally, Columbia Asset Management grew its position in shares of Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company's stock worth $746,000 after buying an additional 180 shares during the period. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. BNP Paribas Exane upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Trading Up 0.8%

MDLZ opened at $62.66 on Wednesday. The firm's fifty day moving average is $61.18 and its two-hundred day moving average is $59.99. 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 firm has a market cap of $79.97 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

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 (EPS) for the quarter, beating 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 company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The firm's revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts anticipate 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 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 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend 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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