Pinnacle West Asset Management Inc. Buys New Shares in Mondelez International, Inc. $MDLZ

Pinnacle West Asset Management Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,845 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of 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 raised its holdings in shares of Mondelez International by 13.2% during the 2nd 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 in the last quarter. Sei Investments Co. lifted its position 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 buying an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. lifted its position in 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 buying an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake 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 buying an additional 4,668 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Insider Activity

In other news, CEO De Put Dirk Van 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 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 represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MDLZ shares. BNP Paribas Exane increased their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Barclays upped their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.30.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.45 on Friday. 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 firm has a market cap of $82.26 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38. The business has a 50 day moving average price of $61.22 and a 200-day moving average price of $60.11.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The firm’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 research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date is Wednesday, September 30th. 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 3.2%. Mondelez International’s dividend payout ratio is presently 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.