Mondelez International, Inc. $MDLZ Stock: Bank Pictet & Cie Europe AG Lowers Position

Key Points

• Bank Pictet & Cie Europe AG cut its Mondelez stake by 9.2% in the third quarter, selling 19,138 shares and retaining 188,154 shares valued at approximately $10.9 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $68.86.
• Mondelez reported quarterly earnings and revenue above expectations, increased its quarterly dividend to $0.52 per share, and shares recently traded at $63.92, up 0.9%.

Bank Pictet & Cie Europe AG decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,154 shares of the company's stock after selling 19,138 shares during the period. Bank Pictet & Cie Europe AG's holdings in Mondelez International were worth $10,879,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Miller Global Investments LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $26,000. North Point Portfolio Managers Corp OH acquired a new position in Mondelez International in the third quarter valued at $28,000. MV Capital Management Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $31,000. Ballast Advisors LLC purchased a new stake in Mondelez International during the first quarter valued at about $34,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Mondelez International during the second quarter valued at about $35,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the company'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 completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. 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. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MDLZ shares. Deutsche Bank Aktiengesellschaft upped their price target on Mondelez International from $58.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. HSBC lifted their price objective on Mondelez International from $71.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on Mondelez International from $72.00 to $71.00 and set an "overweight" rating for the company in a report on Friday. The Goldman Sachs Group increased their target price on shares of Mondelez International from $65.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Barclays raised their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.86.

Mondelez International Stock Up 0.9%

Shares of MDLZ stock traded up $0.58 during trading hours on Tuesday, reaching $63.92. The company had a trading volume of 1,755,428 shares, compared to its average volume of 9,185,250. The company has a market capitalization of $81.59 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.52 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. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The stock's fifty day simple moving average is $61.70 and its 200 day simple moving average is $60.86.

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. The firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. Mondelez International's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International's dividend payout ratio is presently 76.47%.

Mondelez International Company Profile

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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