SBI Okasan Asset Management Co.Ltd. Invests $622,000 in Mondelez International, Inc. $MDLZ

SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,300 shares of the company’s stock, valued at approximately $622,000.

Several other large investors have also modified their holdings of MDLZ. JPMorgan Chase & Co. raised its stake in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. Capital International Investors raised its stake in shares of Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after purchasing an additional 6,958,868 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Mondelez International by 103.2% during the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after purchasing an additional 2,637,287 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Mondelez International by 63.4% during the third quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after purchasing an additional 1,849,482 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after purchasing an additional 1,646,213 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MDLZ. JPMorgan Chase & Co. increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday. Bank of America increased their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Finally, Piper Sandler increased their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Trading Down 2.0%

Shares of MDLZ stock opened at $61.17 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The stock has a market cap of $78.52 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.44 and a beta of 0.39. The business has a fifty day simple moving average of $59.19 and a 200-day simple moving average of $57.73. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 return on equity of 14.14% and a net margin of 6.64%.The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 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.