Junto Capital Management LP Takes $53.55 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• Junto Capital Management acquired 925,810 Mondelez shares worth approximately $53.55 million, while institutional investors collectively owned 78.32% of the company.
• Mondelez beat quarterly earnings and revenue expectations, reporting $0.73 EPS and $9.36 billion in revenue. The company also raised its quarterly dividend to $0.52 per share, implying a 3.3% annualized yield.
• Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $67.30, although CEO Dirk Van de Put sold 133,580 shares under a pre-arranged Rule 10b5-1 plan.

Junto Capital Management LP acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 925,810 shares of the company's stock, valued at approximately $53,549,000. Junto Capital Management LP owned about 0.07% of Mondelez International at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. California State Teachers Retirement System raised its position in Mondelez International by 5,745.7% in the second 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 during the period. Capital International Investors boosted its position in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company's stock worth $4,681,024,000 after buying an additional 8,382,270 shares during the period. State Street Corp grew its stake in shares of Mondelez International by 1.5% in the fourth quarter. State Street Corp now owns 61,217,193 shares of the company's stock valued at $3,325,625,000 after buying an additional 908,076 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company's stock valued at $2,011,444,000 after buying an additional 3,993,811 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company's stock valued at $1,570,182,000 after buying an additional 108,179 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.42 on Thursday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The stock has a market capitalization of $79.67 billion, a PE ratio of 22.95, a PEG ratio of 2.41 and a beta of 0.39. 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 simple moving average of $61.69 and a 200-day simple moving average of $60.28.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is 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 payout ratio is currently 73.53%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. Jefferies Financial Group reissued a "buy" rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 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. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company's stock.

About Mondelez International

Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.

Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.

Mondelez was established in 2012 following the separation of Kraft Foods' global snacks business from its North American grocery operations.

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