Public Employees Retirement System of Ohio Makes New Investment in Mondelez International, Inc. $MDLZ

Public Employees Retirement System of Ohio purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 486,561 shares of the company’s stock, valued at approximately $28,143,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MDLZ shares. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted 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. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and set a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Finally, Barclays increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. One equities research 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. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Insider Activity

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 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 directly 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 position. The transaction was disclosed in a legal filing 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.

Mondelez International Stock Down 0.1%

MDLZ opened at $62.36 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a market capitalization of $79.59 billion, a PE ratio of 22.93, a PEG ratio of 2.53 and a beta of 0.38. The firm’s 50 day simple moving average is $61.44 and its two-hundred day simple moving average is $60.23.

Mondelez International (NASDAQ:MDLZ) last issued 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. The firm 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 company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is presently 73.53%.

Mondelez International 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.