BayBridge Capital Group LLC Invests $585,000 in Mondelez International, Inc. $MDLZ

BayBridge Capital Group LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,113 shares of the company’s stock, valued at approximately $585,000.

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

Mondelez International Trading Up 0.6%

Shares of MDLZ stock opened at $61.63 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $61.63 and a two-hundred day moving average price of $60.25. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The firm has a market cap of $78.66 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion for 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%.The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders 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 is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is 76.47%.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Barclays boosted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. TD Cowen upped their target price on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.30.

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.