Mondelez International, Inc. $MDLZ Holdings Trimmed by Aberdeen Group plc

Key Points

• Aberdeen Group plc cut its Mondelez position by 13% in the second quarter, selling 200,716 shares and retaining 1.34 million shares worth approximately $77.5 million.
• Institutional investors own 78.32% of Mondelez; Vanguard, Capital International Investors, State Street, T. Rowe Price and Geode Capital all increased their holdings.
• Mondelez exceeded quarterly earnings and revenue estimates, reported 4.1% year-over-year revenue growth, and maintains a $2.00 annual dividend yielding about 3.1%. Analysts give the stock a “Moderate Buy” consensus rating with a $67.30 average price target.

Aberdeen Group plc reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,339,755 shares of the company's stock after selling 200,716 shares during the period. Aberdeen Group plc owned approximately 0.10% of Mondelez International worth $77,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Vanguard Group Inc. raised its holdings in Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company's stock worth $7,013,179,000 after buying an additional 1,646,213 shares during the period. Capital International Investors grew its stake in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company's stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. State Street Corp increased its stake in Mondelez International by 1.5% in the 4th 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 during the period. Price T Rowe Associates Inc. MD increased 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 worth $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company's stock worth $1,570,182,000 after purchasing an additional 108,179 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.1%

MDLZ opened at $63.61 on Friday. 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 firm has a 50-day moving average price of $61.17 and a two-hundred day moving average price of $59.92. 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 $81.19 billion, a PE ratio of 23.39, a PEG ratio of 2.59 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors 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 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International's payout ratio is 73.53%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. BNP Paribas Exane upped their price target on Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. 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 research report on Wednesday, July 29th. Finally, Freedom Capital cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $67.30.

About Mondelez International

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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