Mondelez International, Inc. $MDLZ Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 42,688 shares of the company’s stock, valued at approximately $2,468,000.

Other institutional investors have also recently made changes to their positions in the company. Miller Global Investments LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH purchased a new position in Mondelez International in the 3rd quarter worth approximately $28,000. Ballast Advisors LLC purchased a new position in Mondelez International in the 1st quarter worth approximately $34,000. C M Bidwell & Associates Ltd. bought a new position in Mondelez International in the 2nd quarter worth approximately $35,000. Finally, Whipplewood Advisors LLC boosted its stake in Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s 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 sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a legal filing 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MDLZ shares. UBS Group increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted 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. HSBC boosted their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen upped their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, BTIG Research raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.86.

Mondelez International Trading Up 3.9%

Shares of MDLZ stock opened at $65.19 on Friday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. 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’s 50-day moving average price is $61.78 and its 200-day moving average price is $61.00. The stock has a market capitalization of $83.20 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. 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 fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is presently 76.47%.

Mondelez International Company 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.