OLD Republic International Corp Purchases 252,700 Shares of Mondelez International, Inc. $MDLZ

OLD Republic International Corp increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 156.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 414,100 shares of the company’s stock after acquiring an additional 252,700 shares during the quarter. OLD Republic International Corp’s holdings in Mondelez International were worth $22,291,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new stake in Mondelez International during the third quarter valued at approximately $32,000. McIlrath & Eck LLC bought a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. High Point Wealth Management LLC bought a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, Navalign LLC bought a new stake in Mondelez International during the fourth quarter valued at approximately $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.4%

MDLZ stock opened at $61.76 on Friday. The company has a market capitalization of $79.28 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.39. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company’s 50 day moving average price is $58.63 and its two-hundred day moving average price is $57.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 99.50%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MDLZ shares. Argus upgraded shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, Barclays lifted their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

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.