Rakuten Investment Management Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 1,360.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,518 shares of the company’s stock after acquiring an additional 224,047 shares during the period. Rakuten Investment Management Inc.’s holdings in Mondelez International were worth $13,238,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. OLD Republic International Corp increased its position in shares of Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the period. VCI Wealth Management LLC bought a new position in shares of Mondelez International in the fourth quarter worth $970,000. E. Ohman J or Asset Management AB bought a new position in shares of Mondelez International in the fourth quarter worth $2,629,000. Allstate Corp increased its position in shares of Mondelez International by 107.7% in the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after purchasing an additional 50,562 shares during the period. Finally, Wealthfront Advisers LLC increased its position in shares of Mondelez International by 15.3% in 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. 78.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Sanford C. Bernstein dropped their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Barclays upped their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.05.
Mondelez International Price Performance
Shares of MDLZ stock opened at $61.50 on Tuesday. 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, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a market cap of $78.94 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.47 and a beta of 0.38. The business has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $58.18.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the prior year, the company earned $0.76 EPS. Mondelez International’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.
Mondelez International Company 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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