Resona Asset Management Co. Ltd. Sells 31,822 Shares of Mondelez International, Inc. $MDLZ

Resona Asset Management Co. Ltd. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 433,480 shares of the company’s stock after selling 31,822 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Mondelez International were worth $25,246,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MDLZ. Vanguard Group Inc. raised its holdings in Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after buying an additional 1,646,213 shares during the period. Capital International Investors boosted its stake in Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after buying an additional 8,382,270 shares during the period. State Street Corp boosted its stake in Mondelez International by 1.5% during the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after buying an additional 908,076 shares during the period. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Mondelez International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after acquiring an additional 108,179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Barclays raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Trading Up 0.1%

Shares of MDLZ opened at $63.61 on Friday. The firm has a market capitalization of $81.19 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.58 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a 50-day moving average of $61.17 and a 200 day moving average of $59.92.

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

Mondelez International Dividend Announcement

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

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.