Douglas Lane & Associates LLC Raises Holdings in Mondelez International, Inc. $MDLZ

Douglas Lane & Associates LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 37.0% in the third quarter, Holdings Channel.com reports. The fund owned 386,091 shares of the company’s stock after buying an additional 104,335 shares during the period. Douglas Lane & Associates LLC’s holdings in Mondelez International were worth $22,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Miller Global Investments LLC acquired a new position in shares of Mondelez International in the third quarter valued at $26,000. North Point Portfolio Managers Corp OH acquired a new stake in Mondelez International during the third quarter worth $28,000. MV Capital Management Inc. bought a new stake in Mondelez International in the 4th quarter valued at $31,000. Ballast Advisors LLC bought a new stake in Mondelez International in the 1st quarter valued at $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Barclays raised 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. Wells Fargo & Company decreased their price objective on Mondelez International from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Mondelez International in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $66.61.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.19 during trading on Friday, reaching $60.48. The company’s stock had a trading volume of 1,478,432 shares, compared to its average volume of 9,235,330. 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 stock has a market capitalization of $77.19 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.32 and a beta of 0.38. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The stock has a 50-day moving average price of $61.68 and a two-hundred day moving average price of $60.63.

Mondelez International (NASDAQ:MDLZ) last announced its 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 for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the business earned $0.73 earnings per share. 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. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.4%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is currently 76.47%.

About Mondelez International

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

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