Cullen Capital Management LLC Makes New Investment in Mondelez International, Inc. $MDLZ

Cullen Capital Management LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The institutional investor acquired 60,200 shares of the company’s stock, valued at approximately $3,482,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its holdings 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 in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in 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 period. Granite Investment Partners LLC increased its holdings in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after buying an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in 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 valued at $515,000 after buying an additional 179 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC raised its position in shares of Mondelez International by 0.9% in the fourth 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.

Insider Activity at Mondelez International

In related news, CEO De Put Dirk Van sold 133,580 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research note on Wednesday, July 29th. TD Cowen upped their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, BNP Paribas Exane raised their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.30.

Mondelez International Stock Up 0.4%

MDLZ opened at $64.70 on Tuesday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $61.28 and a 200 day moving average price of $60.16. The company has a market cap of $82.58 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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. 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 analysts’ expectations of $9.21 billion. During the same period in the previous year, the firm posted $0.73 EPS. Mondelez International’s 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. Sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company 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. 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 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

Mondelez International 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.