HighTower Advisors LLC Lowers Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• HighTower Advisors reduced its Mondelez position by 12.1% in the second quarter, selling 154,060 shares and retaining 1.12 million shares worth approximately $64.8 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $67.30. Recent targets range from $64 to $73.
• Mondelez exceeded quarterly expectations, reporting $0.73 in EPS and $9.36 billion in revenue, while revenue increased 4.1% year over year. The company also raised its quarterly dividend to $0.52 per share, equivalent to a 3.3% annual yield.

HighTower Advisors LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120,191 shares of the company's stock after selling 154,060 shares during the quarter. HighTower Advisors LLC owned approximately 0.09% of Mondelez International worth $64,792,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MDLZ. J.Safra Asset Management Corp acquired a new stake in Mondelez International during the 4th quarter worth $25,000. Advocate Investing Services LLC purchased a new position in Mondelez International during the 4th quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International in the fourth quarter valued at $28,000. High Point Wealth Management LLC acquired a new position in Mondelez International in the fourth quarter valued at $30,000. Finally, McIlrath & Eck LLC acquired a new position in Mondelez International in the fourth quarter valued at $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MDLZ shares. Jefferies Financial Group reiterated a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. TD Cowen boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on 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 reaffirmed an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, UBS Group increased their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. One 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.30.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.18 on Tuesday. The stock has a market capitalization of $79.36 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.59 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. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company's fifty day moving average is $61.18 and its two-hundred day moving average is $59.96.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This is an increase 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 of this dividend is Wednesday, September 30th. Mondelez International's dividend payout ratio is currently 73.53%.

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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