Royal London Asset Management Ltd. Has $31.86 Million Position in Mondelez International, Inc. $MDLZ

Royal London Asset Management Ltd. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550,752 shares of the company’s stock after selling 14,145 shares during the period. Royal London Asset Management Ltd.’s holdings in Mondelez International were worth $31,855,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. Whipplewood Advisors LLC lifted its stake in Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after purchasing an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Mondelez International by 3.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares during the period. Granite Investment Partners LLC raised its stake in Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after acquiring an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in Mondelez International by 2.1% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after purchasing an additional 179 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC boosted its position in Mondelez International by 0.9% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company’s stock worth $1,108,000 after purchasing an additional 180 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDLZ. Weiss Ratings raised shares of 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 report on Friday, June 26th. BNP Paribas Exane increased their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Finally, TD Cowen boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Insiders Place Their Bets

In other 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 transaction of $8,559,806.40. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares in the company, 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by corporate insiders.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $62.36 on Friday. The company’s 50 day moving average price is $61.44 and its two-hundred day moving average price is $60.23. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The firm has a market cap of $79.59 billion, a PE ratio of 22.93, a PEG ratio of 2.53 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 (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

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

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.