Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,830 shares of the company’s stock after selling 11,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mondelez International were worth $21,415,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MDLZ. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International in the third quarter worth $27,000. High Point Wealth Management LLC bought a new stake in Mondelez International in the fourth quarter worth $30,000. McIlrath & Eck LLC bought a new stake in Mondelez International in the fourth quarter worth $30,000. Navalign LLC bought a new stake in Mondelez International in the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC bought a new stake in Mondelez International in the third quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America boosted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company boosted their target price on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.
Mondelez International Stock Up 1.7%
Mondelez International stock opened at $62.04 on Friday. The firm has a market cap of $79.64 billion, a price-to-earnings ratio of 30.87, a P/E/G 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, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm has a fifty day moving average price of $59.64 and a two-hundred day moving average price of $57.89.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results 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. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.
Mondelez International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is currently 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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