National Pension Service Increases Stake in Mondelez International, Inc. $MDLZ

Key Points

• National Pension Service increased its Mondelez stake by 1.8% in the second quarter, adding 60,973 shares to own 3.46 million shares valued at approximately $200.4 million. Institutional investors collectively own 78.32% of MDLZ.
• Mondelez reported quarterly revenue of $9.36 billion and adjusted earnings of $0.73 per share, surpassing analyst estimates, while revenue rose 4.1% year over year. The company also raised its quarterly dividend from $0.50 to $0.52 per share, implying a 3.3% yield.
• CEO Dirk Van de Put sold 133,580 shares for roughly $8.56 million under a pre-arranged Rule 10b5-1 plan. Analysts maintain a “Moderate Buy” consensus, with an average price target of $67.30 versus the reported share price of $62.47.

National Pension Service increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,464,597 shares of the company's stock after buying an additional 60,973 shares during the period. National Pension Service owned 0.27% of Mondelez International worth $200,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. OLD Republic International Corp grew its position in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company's stock worth $22,291,000 after buying an additional 252,700 shares during the period. Allstate Corp lifted its position in Mondelez International by 107.7% during the 4th quarter. Allstate Corp now owns 97,522 shares of the company's stock valued at $5,250,000 after acquiring an additional 50,562 shares during the period. BNP Paribas Financial Markets boosted its stake in Mondelez International by 41.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company's stock worth $215,677,000 after acquiring an additional 1,166,036 shares in the last quarter. First Trust Advisors LP boosted its stake in Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company's stock worth $65,228,000 after acquiring an additional 103,778 shares in the last quarter. Finally, Amundi grew its holdings in Mondelez International by 18.0% in the first quarter. Amundi now owns 3,243,030 shares of the company's stock worth $186,928,000 after purchasing an additional 494,996 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by insiders.

Mondelez International Price Performance

Shares of MDLZ opened at $62.47 on Friday. The company has a market capitalization of $79.73 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $61.72 and a 200 day moving average of $60.30. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is 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 currently 73.53%.

Analyst Ratings Changes

A number of analysts have recently commented on MDLZ shares. Barclays boosted their price target on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. BNP Paribas Exane lifted their price objective on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 26th. Finally, TD Cowen raised their price target on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.30.

Mondelez International Profile

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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