Field & Main Bank Buys New Shares in Mondelez International, Inc. $MDLZ

Field & Main Bank bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,150 shares of the company’s stock, valued at approximately $818,000.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Mondelez International in the fourth quarter worth about $1,010,020,000. Capital International Investors grew its position in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after purchasing an additional 8,382,270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after purchasing an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after purchasing an additional 3,803,776 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Mondelez International by 190.3% in the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after purchasing an additional 2,801,689 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO De Put Dirk Van sold 133,580 shares of the firm’s 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 sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. TD Cowen lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Barclays upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

Mondelez International Trading Down 0.1%

MDLZ opened at $62.36 on Friday. The stock has a 50-day moving average of $61.44 and a 200 day moving average of $60.23. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The firm 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.

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, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is currently 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.