Brooks Moore & Associates Inc. Invests $1.36 Million in Mondelez International, Inc. $MDLZ

Brooks Moore & Associates Inc. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, Holdings Channel.com reports. The firm acquired 23,455 shares of the company’s stock, valued at approximately $1,357,000.

Several other hedge funds have also made changes to their positions in MDLZ. Public Employees Retirement System of Ohio acquired a new stake in Mondelez International during the second quarter worth about $28,143,000. First Bancorp Inc ME acquired a new position in Mondelez International in the 2nd quarter valued at approximately $198,000. Ancora Advisors LLC acquired a new position in Mondelez International in the 2nd quarter valued at approximately $234,000. Jones Financial Companies Lllp acquired a new position in Mondelez International in the 2nd quarter valued at approximately $11,387,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Mondelez International in the 2nd quarter worth approximately $6,999,000. Institutional investors own 78.32% of the company’s stock.

Insiders Place Their Bets

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

Mondelez International Stock Down 0.9%

Shares of MDLZ opened at $62.43 on Friday. The stock has a market cap of $79.68 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.56 and a beta of 0.38. 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, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a 50-day moving average price of $61.39 and a two-hundred day moving average price of $60.22.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $9.21 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s 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. Equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is presently 73.53%.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. BNP Paribas Exane upped their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, Barclays lifted their price target on shares of 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 given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.30.

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.