Saudi Central Bank Raises Stock Position in Mondelez International, Inc. $MDLZ

Saudi Central Bank grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 88.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,729 shares of the company's stock after purchasing an additional 42,100 shares during the quarter. Saudi Central Bank's holdings in Mondelez International were worth $5,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC raised its stake in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after buying an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock worth $292,000 after buying an additional 173 shares during the period. Granite Investment Partners LLC boosted its position in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock valued at $1,688,000 after acquiring an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in Mondelez International by 2.1% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock valued at $515,000 after acquiring an additional 179 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC grew its holdings in shares of Mondelez International by 0.9% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company's stock worth $1,108,000 after acquiring an additional 180 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. Weiss Ratings raised Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. 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. JPMorgan Chase & Co. upped their price target on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. TD Cowen increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Freedom Capital lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Price Performance

MDLZ stock opened at $61.28 on Monday. The firm has a 50 day moving average price of $61.53 and a 200-day moving average price of $60.23. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The firm has a market capitalization of $78.21 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company 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 posted $0.73 EPS. The firm'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. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.52 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Mondelez International's payout ratio is currently 73.53%.

Insider Buying and Selling at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal 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. 0.45% of the stock is owned by insiders.

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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