Mitsubishi UFJ Trust & Banking Corp lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791,724 shares of the company’s stock after purchasing an additional 24,809 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mondelez International were worth $45,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. United Bank grew its position in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. increased its stake in shares of Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after purchasing an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. increased its position in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after buying an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock worth $532,000 after acquiring an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by institutional investors.
Analyst Ratings Changes
MDLZ has been the subject of a number of analyst reports. BNP Paribas Exane increased their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Barclays increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. One investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.30.
Mondelez International Stock Down 2.2%
Mondelez International stock opened at $62.18 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The stock has a market capitalization of $79.36 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.59 and a beta of 0.38. The business has a fifty day moving average price of $61.18 and a 200-day moving average price of $59.96. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. 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. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS 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. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is 73.53%.
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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