Odyssean LLC Acquires Shares of 38,770 Mondelez International, Inc. $MDLZ

Key Points

• Odyssean LLC acquired 38,770 Mondelez shares worth approximately $2.24 million in the second quarter, while institutional investors overall own 78.32% of MDLZ.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $67.30; Jefferies and TD Cowen set targets of $73 and $70, respectively.
• Mondelez exceeded quarterly expectations with adjusted earnings of $0.73 per share and revenue of $9.36 billion, and raised its quarterly dividend to $0.52 per share, implying a 3.4% yield.

Odyssean LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,770 shares of the company's stock, valued at approximately $2,242,000.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its position in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after buying an additional 7,025 shares in the last quarter. United Bank grew its position in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company's stock worth $1,771,000 after buying an additional 3,070 shares in the last quarter. Sei Investments Co. increased its stake in Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company's stock worth $36,924,000 after acquiring an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in shares of Mondelez International by 4,470.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company's stock valued at $92,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company's stock valued at $532,000 after acquiring an additional 4,668 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Jefferies Financial Group reiterated 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 increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Trading Down 0.3%

NASDAQ:MDLZ opened at $61.28 on Friday. The company has a 50-day moving average price of $61.53 and a 200-day moving average price of $60.24. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock has a market cap of $78.21 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.40 and a beta of 0.39. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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. 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 the consensus estimate of $9.21 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The business'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. Equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced 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. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. Mondelez International's dividend payout ratio (DPR) is presently 73.53%.

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 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 sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company's stock.

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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