Bank of New York Mellon Corp Trims Stake in Mondelez International, Inc. $MDLZ

Bank of New York Mellon Corp cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 8,023,098 shares of the company’s stock after selling 434,958 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mondelez International were worth $464,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. OLD Republic International Corp lifted its position in Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after buying an additional 252,700 shares during the last quarter. Allstate Corp raised its position in Mondelez International by 107.7% in the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after acquiring an additional 50,562 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Mondelez International by 41.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock valued at $215,677,000 after purchasing an additional 1,166,036 shares in the last quarter. PKO Investment Management Joint Stock Co grew its position in shares of Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of Mondelez International by 15.3% in the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock valued at $11,672,000 after purchasing an additional 28,797 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Barclays boosted their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. TD Cowen upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Stock Up 0.5%

MDLZ stock opened at $64.45 on Friday. The stock has a market cap of $82.26 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38. The firm’s 50-day simple moving average is $61.22 and its 200 day simple moving average is $60.11. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

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 firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the business posted $0.73 EPS. Mondelez International’s 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 predict that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given 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 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s payout ratio is presently 73.53%.

Insider Transactions at Mondelez International

In other news, CEO De Put Dirk Van 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 completion of the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company’s stock.

About Mondelez International

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.