KBC Group NV Buys 8,387 Shares of Mondelez International, Inc. $MDLZ

KBC Group NV increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 586,357 shares of the company’s stock after purchasing an additional 8,387 shares during the period. KBC Group NV’s holdings in Mondelez International were worth $33,915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its holdings in Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after buying an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after buying an additional 173 shares during the period. Granite Investment Partners LLC increased its stake in shares of Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after acquiring an additional 177 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Mondelez International by 2.1% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after acquiring an additional 179 shares during the last quarter. Finally, Columbia Asset Management raised its position in shares of Mondelez International by 1.3% in the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after acquiring an additional 180 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BNP Paribas Exane lifted 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. Barclays upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.18 on Tuesday. The firm has a market cap of $79.36 billion, a P/E ratio of 22.86, a PEG ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The firm’s 50 day moving average price is $61.18 and its two-hundred day moving average price is $59.96.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during 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. The firm’s revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced 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 is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is currently 73.53%.

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.