KBC Group NV Purchases 200,769 Shares of Mondelez International, Inc. $MDLZ

KBC Group NV boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 53.2% during the first quarter, HoldingsChannel reports. The fund owned 577,970 shares of the company’s stock after buying an additional 200,769 shares during the quarter. KBC Group NV’s holdings in Mondelez International were worth $33,314,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MDLZ. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International in the 4th quarter worth about $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International during the 4th quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at about $32,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International during the 4th quarter valued at about $28,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $60.27 on Tuesday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The firm has a market capitalization of $77.37 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39. The company has a fifty day simple moving average of $60.94 and a two-hundred day simple moving average of $59.08. 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 posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research reports. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays boosted their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Bank of America increased their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.

About Mondelez International

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.