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

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

Several other large investors have also made changes to their positions in MDLZ. OLD Republic International Corp raised its position in shares of Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after acquiring an additional 252,700 shares in the last quarter. Allstate Corp boosted its holdings in Mondelez International by 107.7% in the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after purchasing an additional 50,562 shares during the period. BNP Paribas Financial Markets increased its stake in Mondelez International by 41.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock valued at $215,677,000 after purchasing an additional 1,166,036 shares during the last quarter. PKO Investment Management Joint Stock Co increased its stake in Mondelez International by 115.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after purchasing an additional 103,778 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mondelez International

In related news, CEO De Put Dirk Van sold 133,580 shares of the firm’s stock in a transaction dated 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 owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Price Performance

NASDAQ MDLZ opened at $62.36 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market capitalization of $79.59 billion, a PE ratio of 22.93, a P/E/G ratio of 2.53 and a beta of 0.38. The company’s 50 day simple moving average is $61.44 and its 200 day simple moving average is $60.23.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion for 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%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend 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 payout ratio is currently 73.53%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. Freedom Capital downgraded shares of 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. Barclays increased their price objective 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. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, TD Cowen upped their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.