Van ECK Associates Corp Sells 903,848 Shares of Mondelez International, Inc. $MDLZ

Van ECK Associates Corp reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,178,361 shares of the company’s stock after selling 903,848 shares during the quarter. Van ECK Associates Corp owned approximately 0.41% of Mondelez International worth $299,516,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. grew its holdings in Mondelez International by 7.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 12,814 shares of the company’s stock valued at $741,000 after purchasing an additional 908 shares during the last quarter. Nissay Asset Management Corp Japan lifted its stake in shares of Mondelez International by 6.0% in the second quarter. Nissay Asset Management Corp Japan now owns 380,307 shares of the company’s stock worth $21,997,000 after buying an additional 21,612 shares during the last quarter. BNP Paribas boosted its holdings in shares of Mondelez International by 49.8% during the 2nd quarter. BNP Paribas now owns 110,854 shares of the company’s stock worth $6,401,000 after buying an additional 36,868 shares during the period. Field & Main Bank bought a new position in Mondelez International in the 2nd quarter worth $818,000. Finally, Wellington Management Group LLP lifted its position in Mondelez International by 179.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock worth $60,598,000 after acquiring an additional 673,098 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.1%

NASDAQ 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. The stock’s 50 day moving average is $61.44 and its two-hundred day moving average is $60.23. The company has a market capitalization of $79.59 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.53 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share 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. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 73.53%.

Insider Transactions at Mondelez International

In other Mondelez International 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 transaction of $8,559,806.40. Following the completion of the transaction, 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 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. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. BNP Paribas Exane raised their target price on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One research 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 stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price 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.