Dearborn Partners LLC Invests $13.82 Million in Mondelez International, Inc. $MDLZ

Dearborn Partners LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 238,885 shares of the company’s stock, valued at approximately $13,817,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its position in Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the last quarter. State Street Corp lifted its holdings in shares of Mondelez International by 1.5% in the 4th quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after acquiring an additional 908,076 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after purchasing an additional 108,179 shares during the period. Finally, Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter worth about $1,010,020,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Buying and Selling

In other Mondelez International news, CEO De Put Dirk Van sold 133,580 shares of Mondelez International stock in a transaction 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 completion of the sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by insiders.

Mondelez International Trading Down 0.9%

Shares of MDLZ opened at $62.43 on Friday. The firm has a market capitalization of $79.68 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.56 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a 50-day moving average of $61.39 and a 200 day moving average of $60.22.

Mondelez International (NASDAQ:MDLZ) last issued 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 net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current 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. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is 73.53%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a report on Wednesday, July 29th. Finally, Barclays raised their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.30.

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.