Van ECK Associates Corp Sells 903,848 Shares of Mondelez International, Inc. $MDLZ

Van ECK Associates Corp decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,178,361 shares of the company’s stock after selling 903,848 shares during the period. Van ECK Associates Corp’s holdings in Mondelez International were worth $299,516,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital International Investors lifted its position in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after buying an additional 8,382,270 shares in the last quarter. State Street Corp lifted its position in shares of Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after purchasing an additional 908,076 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 valued at $2,011,444,000 after purchasing an additional 3,993,811 shares during the last quarter. Geode Capital Management LLC raised its position in Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after purchasing an additional 108,179 shares during the last quarter. Finally, Norges Bank acquired a new position in Mondelez International during the 4th quarter worth $1,010,020,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.1%

Shares of NASDAQ MDLZ opened at $62.36 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The stock has a market cap of $79.59 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 2.53 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $61.44 and its 200-day moving average is $60.23.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

Insider Buying and Selling at Mondelez International

In related news, CEO De Put Dirk Van 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 transaction of $8,559,806.40. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. BNP Paribas Exane lifted their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price objective on shares of Mondelez International in a report on Wednesday, July 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Barclays boosted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Company 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.