Sumitomo Mitsui DS Asset Management Company Ltd Purchases 9,399 Shares of Mondelez International, Inc. $MDLZ

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,704 shares of the company’s stock after purchasing an additional 9,399 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mondelez International were worth $11,894,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MDLZ. Jeppson Wealth Management LLC raised its position in shares of Mondelez International by 2.0% in the 3rd quarter. Jeppson Wealth Management LLC now owns 8,769 shares of the company’s stock valued at $507,000 after purchasing an additional 170 shares in the last quarter. CFS Investment Advisory Services LLC boosted its stake in shares of Mondelez International by 9.2% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 12,027 shares of the company’s stock valued at $717,000 after buying an additional 1,013 shares during the last quarter. AA Financial Advisors LLC grew its position in shares of Mondelez International by 4.7% during the third quarter. AA Financial Advisors LLC now owns 11,030 shares of the company’s stock worth $638,000 after buying an additional 492 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Mondelez International during the third quarter worth approximately $206,000. Finally, Herold Advisors Inc. grew its position in shares of Mondelez International by 4.1% during the third quarter. Herold Advisors Inc. now owns 5,054 shares of the company’s stock worth $292,000 after buying an additional 200 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on MDLZ shares. Jefferies Financial Group restated a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Piper Sandler increased their price objective on shares of Mondelez International from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.86.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Mondelez International Trading Up 1.0%

NASDAQ:MDLZ opened at $63.99 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $61.74 and its two-hundred day moving average is $60.91. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company has a market cap of $81.67 billion, a PE ratio of 23.53, a P/E/G ratio of 2.49 and a beta of 0.38.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 76.47%.

Mondelez International Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.