Mondelez International, Inc. $MDLZ Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Mondelez International stake by 9.8% in the second quarter, acquiring 19,400 additional shares and bringing its holdings to 217,510 shares valued at approximately $12.6 million.
• Analysts remain broadly positive, with Mondelez receiving a “Moderate Buy” consensus rating and an average price target of $67.30; several firms recently raised their targets to as high as $73.
• Mondelez exceeded quarterly expectations with earnings of $0.73 per share and revenue of $9.36 billion, while maintaining a quarterly dividend of $0.50 per share, equivalent to a 3.2% annualized yield.

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,510 shares of the company's stock after acquiring an additional 19,400 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Mondelez International were worth $12,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International during the 4th quarter valued at about $25,000. Advocate Investing Services LLC bought a new position in Mondelez International in the fourth quarter worth about $25,000. JPL Wealth Management LLC bought a new position in Mondelez International in the third quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International in the fourth quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MDLZ shares. TD Cowen increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and set a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. BNP Paribas Exane increased their target price on Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Bank of America increased their target price on Mondelez International from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, April 10th. One equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.30.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.61 on Friday. The firm's 50 day moving average is $61.05 and its two-hundred day moving average is $59.76. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The firm has a market capitalization of $80.37 billion, a P/E ratio of 23.02, a PEG ratio of 2.55 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62.

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. The company had revenue of $9.36 billion for the quarter, compared to analysts' expectations 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 previous year, the company posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

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