Norges Bank Invests $1.01 Billion in Mondelez International, Inc. $MDLZ

Norges Bank purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,763,142 shares of the company’s stock, valued at approximately $1,010,020,000. Norges Bank owned approximately 1.45% of Mondelez International as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. OLD Republic International Corp boosted its stake in shares of Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after acquiring an additional 252,700 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Mondelez International by 8.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after acquiring an additional 46,182 shares in the last quarter. E. Ohman J or Asset Management AB bought a new stake in shares of Mondelez International during the 4th quarter worth about $2,629,000. VCI Wealth Management LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $970,000. Finally, Wealthfront Advisers LLC boosted its stake in Mondelez International by 15.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock valued at $11,672,000 after purchasing an additional 28,797 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.0%

Mondelez International stock opened at $61.17 on Friday. The business has a 50 day moving average price of $59.19 and a two-hundred day moving average price of $57.73. 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 $78.52 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. TD Cowen increased their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company increased their target price on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Finally, UBS Group increased their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.