Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Mondelez International, Inc. $MDLZ

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,041 shares of the company’s stock after selling 15,861 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Mondelez International worth $49,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. State Street Corp increased its stake in shares of Mondelez International by 1.1% in the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after purchasing an additional 670,634 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after acquiring an additional 242,695 shares during the period. Norges Bank purchased a new position in shares of Mondelez International in the second quarter valued at about $1,239,834,000. Invesco Ltd. lifted its position in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after acquiring an additional 1,345,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Mondelez International by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 8,096,303 shares of the company’s stock worth $546,015,000 after acquiring an additional 145,442 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MDLZ shares. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Mizuho reduced their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Barclays cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, TD Cowen decreased their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International Trading Up 1.4%

Shares of MDLZ opened at $58.40 on Friday. The stock has a market capitalization of $75.36 billion, a PE ratio of 21.87 and a beta of 0.39. The company’s fifty day moving average is $55.34 and its 200 day moving average is $60.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s payout ratio is presently 74.91%.

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.