UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• UBS Asset Management reduced its Mondelez position by 5% in the second quarter, selling 362,672 shares and retaining 6.84 million shares valued at approximately $395.5 million.
• Mondelez reported quarterly EPS of $0.73, exceeding estimates of $0.68, while revenue rose 4.1% year over year to $9.36 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.30.
• The company raised its quarterly dividend to $0.52 per share, implying an annualized dividend of $2.08 and a 3.3% yield; CEO Dirk Van de Put separately sold 133,580 shares under a pre-arranged trading plan.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,838,043 shares of the company's stock after selling 362,672 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.54% of Mondelez International worth $395,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its stake in Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after buying an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Mondelez International by 3.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock valued at $292,000 after buying an additional 173 shares during the last quarter. Granite Investment Partners LLC raised its holdings in shares of Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock worth $1,688,000 after buying an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Mondelez International by 2.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock worth $515,000 after buying an additional 179 shares during the period. Finally, Commonwealth Retirement Investments LLC lifted its stake 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 last quarter. Institutional investors own 78.32% of the company's stock.

Insider Buying and Selling

In other Mondelez International news, CEO De Put Dirk Van sold 133,580 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Jefferies Financial Group reaffirmed a "buy" rating and issued a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. TD Cowen raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. Finally, Weiss Ratings raised Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. One 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Price Performance

Shares of MDLZ stock opened at $62.36 on Monday. 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, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The stock's 50-day simple moving average is $61.44 and its 200-day simple moving average is $60.23. The firm has a market capitalization of $79.59 billion, a PE ratio of 22.93, a P/E/G ratio of 2.53 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 73.53%.

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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