HighTower Advisors LLC Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

HighTower Advisors LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,120,191 shares of the company’s stock after selling 154,060 shares during the quarter. HighTower Advisors LLC’s holdings in Mondelez International were worth $64,792,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MDLZ. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International during the 4th quarter valued at about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth $28,000. Navalign LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $31,000. Finally, MV Capital Management Inc. purchased a new position in Mondelez International in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were 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 of the company’s stock, valued at approximately $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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $61.28 on Tuesday. The company has a market cap of $78.21 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.40 and a beta of 0.39. The business’s 50-day moving average price is $61.55 and its 200-day moving average price is $60.24. 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 12 month low of $51.20 and a 12 month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last released its 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. 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 during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the company posted $0.73 EPS. Mondelez International’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.52 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is 73.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. BNP Paribas Exane increased their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

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.