ICICI Prudential Asset Management Co Ltd Purchases 41,238 Shares of Mondelez International, Inc. $MDLZ

ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,109 shares of the company’s stock after acquiring an additional 41,238 shares during the period. Mondelez International makes up 1.0% of ICICI Prudential Asset Management Co Ltd’s portfolio, making the stock its 27th biggest holding. ICICI Prudential Asset Management Co Ltd’s holdings in Mondelez International were worth $8,888,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDLZ. Norges Bank bought a new stake in Mondelez International during the fourth quarter valued at about $1,010,020,000. JPMorgan Chase & Co. boosted its holdings in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares during the period. Capital International Investors boosted its holdings in Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Van ECK Associates Corp boosted its holdings in Mondelez International by 103.2% during the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after acquiring an additional 2,637,287 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in 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 valued at $297,694,000 after acquiring an additional 1,849,482 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 1.3%

Shares of MDLZ opened at $63.36 on Friday. The company has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $58.10. The firm has a market capitalization of $81.33 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.51 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.75 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm’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, equities research analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. TD Cowen upped their price target on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein cut 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 report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, BTIG Research assumed coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International 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.