KBC Group NV Has $33.91 Million Stock Holdings in Mondelez International, Inc. $MDLZ

KBC Group NV raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 586,357 shares of the company’s stock after buying an additional 8,387 shares during the quarter. KBC Group NV’s holdings in Mondelez International were worth $33,915,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International during the fourth quarter worth $28,000. High Point Wealth Management LLC acquired a new position in Mondelez International during the fourth quarter worth $30,000. Finally, McIlrath & Eck LLC acquired a new position in Mondelez International during the fourth quarter worth $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $62.18 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $61.18 and its 200 day simple moving average is $59.96. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a market cap of $79.36 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.59 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate 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 was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is presently 73.53%.

Analysts Set New Price Targets

Several brokerages have issued reports on MDLZ. Barclays lifted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, BNP Paribas Exane increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.30.

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.