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

SouthState Bank Corp cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 109,145 shares of the company’s stock after selling 15,090 shares during the quarter. 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 also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mondelez International by 1.3% in 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 in the last quarter. Capital International Investors raised 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 buying an additional 8,382,270 shares in the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 10,137,457 shares in the last quarter. State Street Corp raised its position in shares of Mondelez International by 1.5% in the 3rd quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after buying an additional 862,720 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after buying an additional 108,179 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their target price 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. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. TD Cowen increased their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.04 on Friday. The company has a market cap of $79.64 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.43 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $59.64 and a 200 day simple moving average of $57.89. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s revenue 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. Research analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

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.