Citizens Financial Group Inc. RI Decreases Stake in Mondelez International, Inc. $MDLZ

Citizens Financial Group Inc. RI reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,444 shares of the company’s stock after selling 10,266 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $1,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Mondelez International by 92.4% in the fourth 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 period. United Bank grew its position in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. grew its position 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 buying an additional 71,667 shares during the period. Osterweis Capital Management Inc. increased its holdings in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after buying an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased 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 valued at $532,000 after buying an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.8%

Shares of NASDAQ MDLZ opened at $62.66 on Wednesday. The firm’s 50-day moving average is $61.18 and its two-hundred day moving average is $59.99. The company has a market capitalization of $79.97 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ) last issued 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 firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the previous year, the firm posted $0.73 EPS. The company’s quarterly 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. Equities analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. 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. This represents a $2.08 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is 73.53%.

Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. TD Cowen raised their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. 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 research note on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, UBS Group boosted their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

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.