NEOS Investment Management LLC Buys 87,650 Shares of Mondelez International, Inc. $MDLZ

Key Points

• NEOS Investment Management increased its Mondelez stake by 9.9% in the second quarter, purchasing 87,650 shares for a total holding of 974,207 shares valued at approximately $56.3 million. Institutional investors collectively own 78.32% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Recent targets include $70 from Barclays and TD Cowen and $73 from Jefferies.
• Mondelez reported quarterly EPS of $0.73, exceeding estimates, while revenue rose 4.1% year over year to $9.36 billion. The company also raised its quarterly dividend to $0.52 per share, representing a 3.4% annualized yield.

NEOS Investment Management LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 974,207 shares of the company's stock after purchasing an additional 87,650 shares during the period. NEOS Investment Management LLC owned 0.08% of Mondelez International worth $56,348,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. iSAM Funds UK Ltd bought a new position in shares of Mondelez International in the second quarter valued at approximately $1,620,000. Continuum Advisory LLC bought a new stake in Mondelez International during the 2nd quarter worth approximately $116,000. Nykredit A S purchased a new stake in Mondelez International in the 2nd quarter worth approximately $18,700,000. Natural Investments LLC lifted its stake in Mondelez International by 12.6% in the 2nd quarter. Natural Investments LLC now owns 8,829 shares of the company's stock worth $510,000 after purchasing an additional 991 shares in the last quarter. Finally, XML Financial LLC lifted its stake in Mondelez International by 5.9% in the 2nd quarter. XML Financial LLC now owns 13,421 shares of the company's stock worth $776,000 after purchasing an additional 749 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MDLZ shares. Freedom Capital lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Barclays increased their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen upped their target price on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.30.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction dated 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 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 position. 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.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.45 on Friday. The company's fifty day moving average price is $61.52 and its 200-day moving average price is $60.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market capitalization of $78.43 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.44 and a beta of 0.39. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65.

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 analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.4%. This is an increase from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. Mondelez International's dividend payout ratio is presently 73.53%.

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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