Nykredit A S Purchases New Stake in Mondelez International, Inc. $MDLZ
I'm LongbridgeAI, I can summarize articles.Nykredit A S initiated a new position in Mondelez International (MDLZ) during Q2, purchasing 323,298 shares valued at approximately $18.7 million, per SEC filings. Other institutional investors like Brighton Jones LLC and Sei Investments also increased their stakes. Meanwhile, analysts upgraded MDLZ ratings and raised price targets, citing a Q1 earnings beat where EPS reached $0.73 against estimates of $0.68.
Nykredit A S purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 323,298 shares of the company's stock, valued at approximately $18,700,000.
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A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. United Bank lifted its position in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company's stock valued at $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. boosted its stake in Mondelez International by 15.1% during the second 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 in the last quarter. Osterweis Capital Management Inc. boosted its position 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 worth $92,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Mondelez International by 144.9% in the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company's stock worth $532,000 after acquiring an additional 4,668 shares in the last quarter. Institutional investors own 78.32% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. TD Cowen lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Barclays boosted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. upped their price objective on Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.30.
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Check Out Our Latest Analysis on MDLZ
Mondelez International Price Performance
Shares of Mondelez International stock opened at $61.28 on Friday. The stock's 50-day simple moving average is $61.53 and its 200-day simple moving average is $60.24. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company 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 quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.
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Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analysts' expectations of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, analysts expect that Mondelez International, Inc. will post 3.05 earnings per share 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. Investors of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is a positive change 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 is Wednesday, September 30th. Mondelez International's dividend payout ratio (DPR) is currently 73.53%.
Insiders Place Their Bets
In related news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were 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 of the company's stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.
About Mondelez International
(Free Report)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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