Daiwa Securities Group Inc. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 340,953 shares of the company’s stock after selling 50,261 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mondelez International were worth $18,354,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. OLD Republic International Corp grew its stake in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after buying an additional 252,700 shares in the last quarter. VCI Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $970,000. E. Ohman J or Asset Management AB bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $2,629,000. Wealthfront Advisers LLC boosted its position in Mondelez International by 15.3% during the fourth quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after purchasing an additional 28,797 shares during the period. Finally, PKO Investment Management Joint Stock Co boosted its position in Mondelez International by 115.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock worth $5,440,000 after purchasing an additional 54,066 shares during the period. Institutional investors own 78.32% of the company’s stock.
Analyst Ratings Changes
MDLZ has been the subject of a number of recent analyst reports. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Bank of America upped their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Sanford C. Bernstein decreased their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Mondelez International Stock Up 1.7%
Shares of MDLZ stock opened at $62.04 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The firm has a market cap of $79.64 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.38. The stock has a 50 day moving average of $59.64 and a 200-day moving average of $57.89. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current year.
Mondelez International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is 99.50%.
Mondelez International Profile
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.
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