Morningstar Investment Management LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Morningstar Investment Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 126,467 shares of the company’s stock after purchasing an additional 10,310 shares during the period. Morningstar Investment Management LLC’s holdings in Mondelez International were worth $7,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in Mondelez International in the fourth quarter worth about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. BTIG Research started coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. TD Cowen lifted their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Finally, Bank of America upped their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.44.

Mondelez International Stock Up 0.8%

MDLZ opened at $60.52 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 firm has a 50 day moving average price of $60.88 and a 200-day moving average price of $59.23. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $70.61. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.49 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.04 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 99.50%.

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.