Nippon Life Global Investors Americas Inc. Increases Holdings in Mondelez International, Inc. $MDLZ

Nippon Life Global Investors Americas Inc. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 56.5% during the second quarter, HoldingsChannel reports. The firm owned 228,650 shares of the company’s stock after purchasing an additional 82,550 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Mondelez International were worth $13,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp bought a new position in Mondelez International during the fourth quarter valued at about $25,000. Advocate Investing Services LLC bought a new stake in Mondelez International in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new stake in Mondelez International in the fourth quarter worth about $28,000. High Point Wealth Management LLC purchased a new position in Mondelez International in the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC purchased a new position in Mondelez International in the fourth quarter valued at about $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Trading Up 0.8%

Shares of MDLZ opened at $62.66 on Wednesday. The business’s 50-day moving average price is $61.18 and its 200-day moving average price is $59.99. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The stock has a market cap of $79.97 billion, a PE ratio of 23.04, a P/E/G ratio of 2.59 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is currently 73.53%.

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.