Nykredit A S Takes Position in Mondelez International, Inc. $MDLZ

Key Points

• Nykredit A S acquired 295,096 Mondelez shares in the second quarter, valued at approximately $17.1 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Mondelez reported quarterly earnings of $0.73 per share and revenue of $9.36 billion, exceeding analyst expectations, while revenue increased 4.1% year over year.
• The company raised its quarterly dividend from $0.50 to $0.52 per share, equivalent to an annualized dividend of $2.08 and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $67.30.

Nykredit A S acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 295,096 shares of the company's stock, valued at approximately $17,068,000.

Other institutional investors have also made changes to their positions in the company. Capital International Investors grew its stake in shares of Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company's stock valued at $4,681,024,000 after purchasing an additional 8,382,270 shares during the period. Geode Capital Management LLC grew its position 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 valued at $1,570,182,000 after acquiring an additional 108,179 shares during the period. Norges Bank bought a new stake in Mondelez International in the fourth quarter valued at $1,010,020,000. Deutsche Bank AG raised its stake in Mondelez International by 12.5% during the fourth quarter. Deutsche Bank AG now owns 14,353,633 shares of the company's stock worth $772,656,000 after acquiring an additional 1,589,713 shares in the last quarter. Finally, Nuveen LLC raised its stake in Mondelez International by 2.7% during the fourth quarter. Nuveen LLC now owns 11,963,099 shares of the company's stock worth $643,974,000 after acquiring an additional 319,422 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.9%

Shares of NASDAQ:MDLZ opened at $60.85 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company's 50-day moving average price is $62.02 and its two-hundred day moving average price is $60.36. 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 market cap of $77.66 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.38 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results 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. 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 company's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal 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 3.4%. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's dividend payout ratio (DPR) is currently 73.53%.

Insider Buying and Selling

In other Mondelez International 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 value 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 trade represents a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. lifted 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 Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. TD Cowen upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Barclays raised their price objective 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. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. 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. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus target price 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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