Traders Buy Large Volume of Mondelez International Put Options (NASDAQ:MDLZ)

Mondelez International, Inc. (NASDAQ:MDLZ) saw some unusual options trading activity on Thursday. Investors purchased 6,591 put options on the stock. This is an increase of 88% compared to the typical daily volume of 3,503 put options.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in MDLZ. J.Safra Asset Management Corp purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $28,000. High Point Wealth Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Finally, McIlrath & Eck LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock traded down $0.71 during midday trading on Thursday, reaching $60.15. The company’s stock had a trading volume of 687,510 shares, compared to its average volume of 9,642,646. The firm has a market capitalization of $77.21 billion, a PE ratio of 29.92, a P/E/G ratio of 2.48 and a beta of 0.39. Mondelez International has a fifty-two week low of $51.20 and a fifty-two week high of $70.61. The stock’s 50 day simple moving average is $60.89 and its 200 day simple moving average is $59.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities research analysts forecast that Mondelez International will post 3.04 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analysts Set New Price Targets

Several research firms have recently commented on MDLZ. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Monday. TD Cowen boosted their price target on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BTIG Research began coverage on shares of Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Barclays lifted their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $66.44.

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.