Baird Financial Group Inc. Raises Stock Position in Mondelez International, Inc. $MDLZ

Baird Financial Group Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.1% during the second quarter, HoldingsChannel.com reports. The fund owned 354,894 shares of the company’s stock after purchasing an additional 17,248 shares during the quarter. Baird Financial Group Inc.’s holdings in Mondelez International were worth $20,527,000 at the end of the most recent reporting period.

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

Insider Activity at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value 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 $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on MDLZ shares. Barclays boosted 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. BNP Paribas Exane increased their price objective on shares of 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. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. 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 given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $62.44 on Friday. The firm has a market capitalization of $79.69 billion, a PE ratio of 22.96, a P/E/G ratio of 2.44 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The business’s 50 day moving average price is $61.75 and its 200-day moving average price is $60.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.52 dividend. This is a positive change 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 dividend yield of 3.3%. Mondelez International’s payout ratio is presently 76.47%.

Mondelez International Company 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.