NewEdge Advisors LLC Has $8.18 Million Position in Mondelez International, Inc. $MDLZ

NewEdge Advisors LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 58.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,366 shares of the company's stock after acquiring an additional 52,244 shares during the quarter. NewEdge Advisors LLC's holdings in Mondelez International were worth $8,177,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp acquired a new position in Mondelez International during the fourth quarter worth $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth about $28,000. MV Capital Management Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth about $31,000. Finally, Prosperity Bancshares Inc bought a new position in Mondelez International during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDLZ shares. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. BNP Paribas Exane lifted their target price on shares of 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. Jefferies Financial Group restated a "buy" rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. Finally, Freedom Capital downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $67.30.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Mondelez International Stock Performance

MDLZ stock opened at $62.44 on Friday. 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 company has a 50 day moving average price of $61.75 and a 200 day moving average price of $60.32. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The stock has a market capitalization of $79.69 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the company earned $0.73 EPS. The business's quarterly revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders 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 represents a $2.08 annualized dividend and a yield of 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's dividend payout ratio (DPR) is presently 73.53%.

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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