Jones Financial Companies Lllp Makes New Investment in Mondelez International, Inc. $MDLZ

Jones Financial Companies Lllp acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The firm acquired 196,863 shares of the company’s stock, valued at approximately $11,387,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC raised its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. United Bank grew its stake in shares of Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after purchasing an additional 3,070 shares during the last quarter. Sei Investments Co. grew its stake in shares of Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after purchasing an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in shares of Mondelez International by 4,470.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. BNP Paribas Exane raised 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. Finally, UBS Group lifted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.30.

Insider Activity 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 value of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Mondelez International Trading Up 0.4%

NASDAQ MDLZ opened at $64.70 on Tuesday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year 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 company has a market capitalization of $82.58 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The firm’s fifty day simple moving average is $61.28 and its 200-day simple moving average is $60.16.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’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. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

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.