Great Lakes Advisors LLC Invests $74.34 Million in Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,285,283 shares of the company’s stock, valued at approximately $74,341,000. Great Lakes Advisors LLC owned 0.10% of Mondelez International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Mondelez International in the fourth quarter valued at about $1,010,020,000. Capital International Investors boosted its holdings 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 during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after purchasing an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after purchasing an additional 3,803,776 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Mondelez International by 190.3% in the fourth 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 during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 2.4%

Shares of MDLZ opened at $64.16 on Thursday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. 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’s 50-day moving average price is $61.18 and its 200-day moving average price is $60.04. The firm has a market capitalization of $81.89 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.55 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. Mondelez International’s 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. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is currently 73.53%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. UBS Group boosted their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Mondelez International in a report on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Finally, BNP Paribas Exane upped their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average 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.