HighTower Advisors LLC Sells 154,060 Shares of Mondelez International, Inc. $MDLZ

Key Points

• HighTower Advisors reduced its Mondelez position by 12.1%, selling 154,060 shares and retaining 1.12 million shares valued at approximately $64.8 million. Institutional investors collectively own 78.32% of MDLZ.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $67.30. MDLZ shares recently opened at $61.28, compared with a 52-week range of $51.20 to $66.65.
• Mondelez beat quarterly expectations with $0.73 adjusted 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.

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

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. California State Teachers Retirement System increased its stake in Mondelez International by 5,745.7% during the 2nd quarter. California State Teachers Retirement System now owns 118,967,163 shares of the company's stock valued at $6,881,061,000 after purchasing an additional 116,932,023 shares in the last quarter. DMC Group LLC lifted its stake in shares of Mondelez International by 128.6% in the second quarter. DMC Group LLC now owns 8,196 shares of the company's stock valued at $474,000 after buying an additional 4,611 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Mondelez International by 44.3% in the second quarter. Ameritas Advisory Services LLC now owns 5,862 shares of the company's stock valued at $339,000 after buying an additional 1,799 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Mondelez International by 17.0% during the second quarter. Wedmont Private Capital now owns 13,844 shares of the company's stock valued at $814,000 after buying an additional 2,016 shares during the last quarter. Finally, Kintra Wealth LLC acquired a new position in shares of Mondelez International during the second quarter valued at about $202,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. TD Cowen lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Jefferies Financial Group reissued a "buy" rating and issued a $73.00 price objective on shares of Mondelez International in a research note on Wednesday, July 29th. Finally, Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.28 on Tuesday. The firm has a 50-day moving average of $61.55 and a 200-day moving average of $60.24. The company has a market cap of $78.21 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. 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 released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the firm earned $0.73 earnings per share. 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 forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed 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 represents a $2.08 dividend on an annualized basis and a yield of 3.4%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend payout ratio is 73.53%.

Insider Buying and Selling

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company's stock.

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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