Resona Asset Management Co. Ltd. Has $24.74 Million Position in Mondelez International, Inc. $MDLZ

Resona Asset Management Co. Ltd. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,051 shares of the company’s stock after selling 15,575 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Mondelez International were worth $24,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Mondelez International during the 3rd quarter worth $27,000. High Point Wealth Management LLC acquired a new position in Mondelez International in the 4th quarter valued at approximately $30,000. McIlrath & Eck LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $30,000. Navalign LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Mondelez International during the third quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.29 on Wednesday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The company’s 50-day moving average is $58.33 and its 200 day moving average is $57.46. The stock has a market capitalization of $78.67 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.41 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) 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. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on MDLZ. Barclays raised their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. BTIG Research assumed coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective on the stock. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, UBS Group upped their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.05.

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.