Mondelez International, Inc. $MDLZ Shares Bought by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 380,307 shares of the company’s stock after purchasing an additional 21,612 shares during the period. Nissay Asset Management Corp Japan’s holdings in Mondelez International were worth $21,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas grew its position in Mondelez International by 49.8% in the second quarter. BNP Paribas now owns 110,854 shares of the company’s stock worth $6,401,000 after buying an additional 36,868 shares during the last quarter. Field & Main Bank acquired a new stake in shares of Mondelez International during the 2nd quarter valued at $818,000. Wellington Management Group LLP boosted its stake in shares of Mondelez International by 179.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock worth $60,598,000 after acquiring an additional 673,098 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Mondelez International in the 2nd quarter worth $295,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Mondelez International during the second quarter worth $352,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.1%

Mondelez International stock opened at $62.36 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 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 stock has a market cap of $79.59 billion, a P/E ratio of 22.93, a P/E/G ratio of 2.53 and a beta of 0.38. The company’s fifty day simple moving average is $61.44 and its 200-day simple moving average is $60.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’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. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS 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 paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDLZ. TD Cowen lifted their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Insider Activity at Mondelez International

In related news, CEO De Put Dirk Van sold 133,580 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a 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.

Mondelez International Company 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.