Morningstar Investment Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 126,467 shares of the company’s stock after buying an additional 10,310 shares during the quarter. Morningstar Investment Management LLC’s holdings in Mondelez International were worth $7,290,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC increased its stake in shares of Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares in the last quarter. Leo Wealth LLC boosted its holdings in Mondelez International by 2.4% in the fourth quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after acquiring an additional 176 shares in the last quarter. Granite Investment Partners LLC increased its position in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after purchasing an additional 177 shares during the period. Finally, Columbia Asset Management raised its holdings in Mondelez International by 1.3% in the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after purchasing an additional 180 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of research reports. UBS Group lifted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. BTIG Research began coverage on shares of Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a report on Monday. Finally, Barclays increased their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.
Mondelez International Trading Up 0.8%
Shares of NASDAQ MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $70.61. The stock has a market cap of $77.69 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. The firm has a 50-day moving average of $60.88 and a 200 day moving average of $59.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.
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 analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s 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. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is presently 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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