Resona Asset Management Co. Ltd. Lowers Position in Mondelez International, Inc. $MDLZ

Resona Asset Management Co. Ltd. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,480 shares of the company’s stock after selling 31,822 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Mondelez International were worth $25,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International in the 4th quarter valued at about $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Mondelez International during the fourth quarter valued at approximately $28,000. High Point Wealth Management LLC purchased a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, McIlrath & Eck LLC bought a new position in Mondelez International in the fourth quarter worth approximately $30,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MDLZ shares. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. TD Cowen boosted their price target on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Barclays upped their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. BNP Paribas Exane raised their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, UBS Group lifted their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Price Performance

NASDAQ MDLZ opened at $63.61 on Friday. The firm’s fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $59.92. The firm has a market capitalization of $81.19 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.58 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 73.53%.

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.