Fifth Third Bancorp Acquires 9,470 Shares of Mondelez International, Inc. $MDLZ

Fifth Third Bancorp increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 717,422 shares of the company’s stock after acquiring an additional 9,470 shares during the period. Fifth Third Bancorp’s holdings in Mondelez International were worth $41,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. North Dakota State Investment Board grew its holdings in Mondelez International by 2.6% during the 2nd quarter. North Dakota State Investment Board now owns 38,525 shares of the company’s stock valued at $2,228,000 after buying an additional 994 shares in the last quarter. 111 Capital bought a new position in shares of Mondelez International during the second quarter worth $984,000. 71 West Capital Partners grew its stake in Mondelez International by 40.8% during the second quarter. 71 West Capital Partners now owns 5,402 shares of the company’s stock valued at $312,000 after acquiring an additional 1,565 shares in the last quarter. McAdam LLC grew its stake in Mondelez International by 6.9% during the second quarter. McAdam LLC now owns 4,713 shares of the company’s stock valued at $273,000 after acquiring an additional 305 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Mondelez International in the 2nd quarter valued at $269,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.2%

Shares of MDLZ opened at $62.18 on Tuesday. The company’s fifty day moving average is $61.18 and its 200 day moving average is $59.96. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The stock has a market capitalization of $79.36 billion, a PE ratio of 22.86, a P/E/G ratio of 2.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Mondelez International’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 30th. 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. Mondelez International’s dividend payout ratio is currently 73.53%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. TD Cowen boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Barclays lifted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report 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 issued a Hold rating to the company. According to MarketBeat, the company has an average 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.