Sanders Morris Harris LLC Makes New Investment in Mondelez International, Inc. $MDLZ

Sanders Morris Harris LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,976 shares of the company’s stock, valued at approximately $1,456,000.

Several other large investors also recently added to or reduced their stakes in the business. Miller Global Investments LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $26,000. North Point Portfolio Managers Corp OH purchased a new position in Mondelez International during the third quarter valued at $28,000. MV Capital Management Inc. purchased a new position in Mondelez International during the fourth quarter valued at $31,000. Ballast Advisors LLC bought a new stake in Mondelez International during the first quarter valued at about $34,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Mondelez International during the second quarter valued at about $35,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Barclays upped their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. BNP Paribas Exane lifted their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.82.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $1.07 on Wednesday, hitting $62.57. 7,297,533 shares of the company traded hands, compared to its average volume of 9,213,514. The stock has a market capitalization of $79.86 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The business has a 50-day simple moving average of $61.63 and a 200 day simple moving average of $60.71.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts expect that Mondelez International, Inc. will post 3.05 earnings per share 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. Investors of record on Wednesday, September 30th will be given a $0.52 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 76.47%.

Mondelez International Profile

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.