Mondelez International, Inc. $MDLZ Stake Lowered by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,154 shares of the company’s stock after selling 19,138 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Mondelez International were worth $10,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Baird Financial Group Inc. grew its position in shares of Mondelez International by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock worth $20,527,000 after acquiring an additional 17,248 shares in the last quarter. First Trust Advisors LP raised its position in shares of Mondelez International by 10.1% during the 1st quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after acquiring an additional 103,778 shares in the last quarter. Ethic Inc. lifted its stake in Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after purchasing an additional 41,601 shares during the last quarter. Amundi lifted its stake in Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after purchasing an additional 494,996 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Mondelez International by 58.6% in the second quarter. NewEdge Advisors LLC now owns 141,366 shares of the company’s stock worth $8,177,000 after purchasing an additional 52,244 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock traded up $0.58 during midday trading on Tuesday, reaching $63.92. 1,755,428 shares of the stock traded hands, compared to its average volume of 9,185,250. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $61.70 and a two-hundred day moving average price of $60.86. The firm has a market cap of $81.59 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.52 and a beta of 0.38. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. Mondelez International’s quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 30th. Mondelez International’s payout ratio is presently 76.47%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Barclays lifted 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 Friday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.86.

Insider Transactions at Mondelez International

In related news, CEO Dirk Van de Put 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 completion of the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

About Mondelez International

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

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