Mondelez International, Inc. $MDLZ Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,704 shares of the company’s stock after purchasing an additional 9,399 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mondelez International were worth $11,894,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Deutsche Bank AG lifted its position in Mondelez International by 1.1% during the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock worth $752,846,000 after buying an additional 140,351 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mondelez International by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after buying an additional 916,235 shares during the period. Bank of New York Mellon Corp grew its holdings in Mondelez International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after buying an additional 106,636 shares during the period. Swiss National Bank increased its stake in shares of Mondelez International by 6.8% during the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock valued at $218,278,000 after acquiring an additional 241,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Mondelez International by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock valued at $218,472,000 after acquiring an additional 25,926 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 1.0%

Shares of Mondelez International stock opened at $63.99 on Wednesday. The company has a fifty day moving average price of $61.74 and a 200 day moving average price of $60.91. 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 twelve month low of $51.20 and a twelve month high of $66.65. The stock has a market cap of $81.67 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.49 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released 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 company had revenue of $9.36 billion for 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 firm’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is 76.47%.

Insider Activity at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group lifted their price target on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Piper Sandler lifted their price target on shares of Mondelez International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $68.86.

About Mondelez International

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.