CIBC Asset Management Inc Has $60.74 Million Stake in Mondelez International, Inc. $MDLZ

CIBC Asset Management Inc grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,129,330 shares of the company’s stock after acquiring an additional 120,820 shares during the quarter. CIBC Asset Management Inc owned 0.09% of Mondelez International worth $60,736,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MDLZ. OLD Republic International Corp increased its stake 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 valued at $22,291,000 after buying an additional 252,700 shares during the period. E. Ohman J or Asset Management AB acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $2,629,000. VCI Wealth Management LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $970,000. Wealthfront Advisers LLC increased its stake 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 valued at $11,672,000 after buying an additional 28,797 shares during the period. Finally, PKO Investment Management Joint Stock Co increased its stake in shares of Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after buying an additional 54,066 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Bank of America upped their price objective on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Barclays upped their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein lowered their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.31 on Thursday. The business’s 50 day simple moving average is $59.47 and its 200 day simple moving average is $57.83. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a market capitalization of $78.70 billion, a PE ratio of 30.50, a PEG ratio of 2.39 and a beta of 0.38. 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) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.

About Mondelez International

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.