CIBC Asset Management Inc Acquires 120,820 Shares of Mondelez International, Inc. $MDLZ

CIBC Asset Management Inc grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,129,330 shares of the company’s stock after buying an additional 120,820 shares during the period. CIBC Asset Management Inc’s holdings in Mondelez International were worth $60,736,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter worth approximately $1,010,020,000. JPMorgan Chase & Co. boosted its holdings in shares of Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares in the last quarter. Capital International Investors boosted its holdings in shares of Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after buying an additional 6,958,868 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Mondelez International by 103.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after buying an additional 2,637,287 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Mondelez International by 63.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after buying an additional 1,849,482 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on MDLZ shares. TD Cowen increased their price target on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays increased their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. JPMorgan Chase & Co. increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Price Performance

Shares of MDLZ opened at $61.31 on Thursday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The business’s fifty day moving average is $59.47 and its 200 day moving average is $57.83. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The stock has a market cap of $78.70 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.39 and a beta of 0.38.

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

Mondelez International Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 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.