M&G PLC Purchases 44,315 Shares of Mondelez International, Inc. $MDLZ

M&G PLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,046 shares of the company’s stock after buying an additional 44,315 shares during the period. M&G PLC’s holdings in Mondelez International were worth $12,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the second quarter worth about $1,239,834,000. JPMorgan Chase & Co. lifted its position in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. First Trust Advisors LP grew its stake in Mondelez International by 197.9% in the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after buying an additional 2,701,229 shares in the last quarter. Federated Hermes Inc. grew its stake in Mondelez International by 2,080.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock worth $154,112,000 after buying an additional 2,353,841 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Mondelez International by 88.1% in the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock worth $290,862,000 after buying an additional 2,020,135 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Mondelez International Stock Up 1.2%

NASDAQ MDLZ opened at $62.59 on Tuesday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The stock has a market capitalization of $80.23 billion, a PE ratio of 33.29, a PEG ratio of 2.61 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The business’s 50-day moving average is $56.56 and its 200 day moving average is $59.03.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is 106.38%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Bank of America dropped their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Mizuho cut their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada reduced their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays dropped their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.75.

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.