Royal London Asset Management Ltd. Sells 14,145 Shares of Mondelez International, Inc. $MDLZ

Royal London Asset Management Ltd. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 550,752 shares of the company’s stock after selling 14,145 shares during the period. Royal London Asset Management Ltd.’s holdings in Mondelez International were worth $31,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Mufg Securities Americas Inc. increased its stake in Mondelez International by 9.0% in the second quarter. Mufg Securities Americas Inc. now owns 38,662 shares of the company’s stock valued at $2,236,000 after acquiring an additional 3,193 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in Mondelez International by 7.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 12,814 shares of the company’s stock worth $741,000 after purchasing an additional 908 shares during the last quarter. Nissay Asset Management Corp Japan boosted its holdings in shares of Mondelez International by 6.0% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 380,307 shares of the company’s stock valued at $21,997,000 after purchasing an additional 21,612 shares in the last quarter. BNP Paribas increased its stake in shares of Mondelez International by 49.8% in the 2nd quarter. BNP Paribas now owns 110,854 shares of the company’s stock valued at $6,401,000 after purchasing an additional 36,868 shares during the last quarter. Finally, Field & Main Bank bought a new position in shares of Mondelez International in the 2nd quarter valued at $818,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MDLZ. 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 increased their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Stock Down 0.1%

NASDAQ:MDLZ opened at $62.36 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year 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. The company has a market cap of $79.59 billion, a PE ratio of 22.93, a P/E/G ratio of 2.53 and a beta of 0.38. The firm’s 50 day simple moving average is $61.44 and its 200 day simple moving average is $60.23.

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 the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts anticipate 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 will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.52 dividend. This is a positive change 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 of this dividend is Wednesday, September 30th. Mondelez International’s payout ratio is presently 73.53%.

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 transaction 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 trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by insiders.

About Mondelez International

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.