BayBridge Capital Group LLC Buys New Position in Mondelez International, Inc. $MDLZ

BayBridge Capital Group LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,113 shares of the company’s stock, valued at approximately $585,000.

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

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the 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 owned 1,326,488 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BNP Paribas Exane lifted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Freedom Capital cut 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 given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.63 on Wednesday. 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 has a fifty day simple moving average of $61.63 and a two-hundred day simple moving average of $60.25. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The firm has a market cap of $78.66 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

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, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The business’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. Analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.4%. 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. Mondelez International’s payout ratio is currently 76.47%.

Mondelez International Profile

Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.

Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.

Mondelez was established in 2012 following the separation of Kraft Foods’ global snacks business from its North American grocery operations.