Mondelez International, Inc. $MDLZ Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 385.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 239,838 shares of the company’s stock after purchasing an additional 190,444 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mondelez International were worth $13,867,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Mondelez International by 1.1% in the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after acquiring an additional 140,351 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after acquiring an additional 916,235 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Mondelez International by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after purchasing an additional 106,636 shares during the last quarter. Swiss National Bank raised its position in shares of Mondelez International by 6.8% during the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock valued at $218,278,000 after buying an additional 241,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Mondelez International by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock valued at $218,472,000 after purchasing an additional 25,926 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Insider Activity at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated 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. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MDLZ shares. Piper Sandler raised their price target on Mondelez International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. BNP Paribas Exane increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective 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, October 16th. Wells Fargo & Company decreased 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. Finally, Barclays upped their target price on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.86.

Mondelez International Stock Down 2.1%

MDLZ stock opened at $63.80 on Friday. The firm’s fifty day simple moving average is $61.79 and its 200-day simple moving average is $61.02. The company has a market capitalization of $81.43 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.53 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last posted its 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. 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 previous year, the firm posted $0.73 earnings per share. The firm’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. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

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

Mondelez International Profile

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.