Tokio Marine Asset Management Co. Ltd. Sells 18,485 Shares of Mondelez International, Inc. $MDLZ

Tokio Marine Asset Management Co. Ltd. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,689 shares of the company’s stock after selling 18,485 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mondelez International were worth $6,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International in the second quarter valued at approximately $27,000. Rossby Financial LCC boosted its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares during the last quarter. Aspect Partners LLC raised its position in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares during the last quarter. Financial Connections Group Inc. bought a new position in shares of Mondelez International during the second quarter valued at about $33,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $55.09 on Monday. The business’s fifty day moving average is $55.25 and its 200 day moving average is $60.79. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market cap of $71.09 billion, a price-to-earnings ratio of 20.63 and a beta of 0.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Piper Sandler decreased their price objective on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, TD Cowen dropped their price objective on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.26.

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.