Handelsbanken Fonder AB Sells 48,385 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Handelsbanken Fonder AB reduced its Mondelez stake by 9% in the second quarter, selling 48,385 shares and retaining 490,309 shares valued at approximately $28.4 million.
• Mondelez reported quarterly results above expectations, with EPS of $0.73 versus the $0.68 consensus and revenue of $9.36 billion, up 4.1% year over year.
• The company pays a quarterly dividend of $0.50 per share, equivalent to a 3.2% annual yield, while analysts maintain a consensus “Moderate Buy” rating and a $67.30 price target.

Handelsbanken Fonder AB cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 490,309 shares of the company's stock after selling 48,385 shares during the period. Handelsbanken Fonder AB's holdings in Mondelez International were worth $28,359,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International in the 4th quarter worth about $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International during the 4th quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International during the 4th quarter valued at about $28,000. High Point Wealth Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.4%

NASDAQ MDLZ opened at $61.78 on Wednesday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $61.07 and a 200-day moving average of $59.83. The firm has a market cap of $78.85 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the company earned $0.73 EPS. Mondelez International's revenue for the quarter was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International's dividend payout ratio is 73.53%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. Freedom Capital downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 26th. BNP Paribas Exane lifted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. BTIG Research initiated coverage on shares of Mondelez International in a report on Tuesday, April 14th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $73.00 price objective on shares of Mondelez International in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.30.

Mondelez International Company 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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