Principal Financial Group Inc. Raises Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Principal Financial Group increased its stake in Mondelez International by 1.6% in the fourth quarter, bringing its holdings to about 1.51 million shares valued at roughly $81.2 million.
• Mondelez reported stronger-than-expected quarterly results, posting EPS of $0.67 versus the $0.61 estimate and revenue of $10.08 billion versus $9.75 billion expected.
• The company also paid a $0.50 quarterly dividend, equal to an annualized yield of about 3.3%, while analysts currently rate the stock a Moderate Buy with a consensus target price of $67.05.

Principal Financial Group Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,508,144 shares of the company's stock after acquiring an additional 23,746 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Mondelez International worth $81,183,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake in Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company's stock valued at $30,000 after acquiring an additional 282 shares in the last quarter. High Point Wealth Management LLC bought a new stake in Mondelez International in the 4th quarter valued at $30,000. JPL Wealth Management LLC bought a new stake in Mondelez International in the 3rd quarter valued at $32,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Mondelez International in the 4th quarter worth $34,000. Institutional investors own 78.32% of the company's stock.

Insiders Place Their Bets

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, the executive vice president owned 99,596 shares of the company's stock, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 3,064 shares of company stock valued at $189,934. Corporate insiders own 0.45% of the company's stock.

Mondelez International Stock Down 0.9%

Shares of MDLZ opened at $61.31 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $58.04 and a 200 day moving average of $57.44. The company has a market cap of $78.59 billion, a PE ratio of 30.50, a P/E/G ratio of 2.42 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $9.75 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Mondelez International's dividend payout ratio is 99.50%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research reports. Wall Street Zen raised shares of Mondelez International from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Bank of America boosted their target price on Mondelez International from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, April 10th. UBS Group increased their price target on Mondelez International from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their price target on Mondelez International from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Finally, Rothschild & Co Redburn reaffirmed a "neutral" rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $67.05.

Mondelez International Company Profile

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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