SouthState Bank Corp Has $5.88 Million Position in Mondelez International, Inc. $MDLZ

SouthState Bank Corp reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,145 shares of the company’s stock after selling 15,090 shares during the period. SouthState Bank Corp’s holdings in Mondelez International were worth $5,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new stake in Mondelez International in the 4th quarter valued at $1,010,020,000. JPMorgan Chase & Co. grew its position in shares of Mondelez International by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares during the period. Capital International Investors grew its position in shares of Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Van ECK Associates Corp grew its position in shares of Mondelez International by 103.2% in the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after acquiring an additional 2,637,287 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Mondelez International by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock valued at $297,694,000 after acquiring an additional 1,849,482 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $62.04 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $79.64 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The firm has a 50-day moving average price of $59.64 and a two-hundred day moving average price of $57.89.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during 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 for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. Barclays lifted their price objective 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. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. BTIG Research started coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, UBS Group lifted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. 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. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price 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.