Mondelez International, Inc. $MDLZ Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 112,332 shares of the company’s stock after selling 9,694 shares during the period. Middleton & Co. Inc. MA’s holdings in Mondelez International were worth $6,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Great Lakes Advisors LLC purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $74,341,000. Junto Capital Management LP purchased a new position in shares of Mondelez International in the second quarter valued at $53,549,000. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 916,235 shares in the last quarter. Wellington Management Group LLP grew its holdings in Mondelez International by 179.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock valued at $60,598,000 after purchasing an additional 673,098 shares in the last quarter. Finally, Amundi grew its holdings in Mondelez International by 18.0% during the 1st quarter. Amundi now owns 3,243,030 shares of the company’s stock valued at $186,928,000 after purchasing an additional 494,996 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $63.80 on Friday. The stock has a market cap of $81.43 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.38. 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 50 day moving average of $61.79 and a 200-day moving average of $61.02. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.52 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is currently 76.47%.

Insider Buying and Selling

In other news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MDLZ. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. The Goldman Sachs Group upped their price objective on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Finally, TD Cowen lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $68.86.

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.