California State Teachers Retirement System Grows Stock Holdings in Mondelez International, Inc. $MDLZ

California State Teachers Retirement System lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5,745.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,967,163 shares of the company’s stock after acquiring an additional 116,932,023 shares during the quarter. California State Teachers Retirement System owned 0.09% of Mondelez International worth $6,881,061,000 as of its most recent SEC filing.

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

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Barclays lifted their price target on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

Mondelez International Trading Up 1.3%

MDLZ stock opened at $62.42 on Thursday. The company’s 50-day simple moving average is $61.69 and its 200-day simple moving average is $60.28. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65. The firm has a market cap of $79.67 billion, a P/E ratio of 22.95, a PEG ratio of 2.41 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal 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 $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio is 73.53%.

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.