Mondelez International, Inc. $MDLZ Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors reduced its Mondelez stake by 4.4% in the second quarter, selling 18,450 shares and retaining 399,824 shares valued at approximately $23.1 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Barclays and TD Cowen recently raised their targets to $70.
• Mondelez exceeded quarterly expectations, reporting $0.73 in adjusted EPS and $9.36 billion in revenue, up 4.1% year over year. The company also pays a quarterly dividend of $0.50 per share, equivalent to a 3.1% annual yield.

Calamos Advisors LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 399,824 shares of the company's stock after selling 18,450 shares during the period. Calamos Advisors LLC's holdings in Mondelez International were worth $23,126,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MDLZ. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company's stock valued at $7,013,179,000 after acquiring an additional 1,646,213 shares during the last quarter. Capital International Investors lifted its stake in 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 purchasing an additional 8,382,270 shares during the last quarter. State Street Corp lifted its stake in Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company's stock worth $3,325,625,000 after purchasing an additional 908,076 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 3,993,811 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Mondelez International by 0.4% in the fourth 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 period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on MDLZ shares. Barclays increased their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. TD Cowen lifted their price target 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. Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a research report on Friday, May 29th. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Freedom Capital cut shares of 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 assigned a Hold rating to the company's stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $67.30.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.61 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a market cap of $81.19 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth 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. The firm has a fifty day moving average of $61.17 and a 200-day moving average of $59.92.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company's quarterly 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. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Announces Dividend

The company 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. 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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