Sumitomo Mitsui Trust Group Inc. Lowers Stake in Mondelez International, Inc. $MDLZ

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,339,479 shares of the company’s stock after selling 193,603 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mondelez International were worth $192,488,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in shares of Mondelez International during the fourth quarter worth about $25,000. Advocate Investing Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at about $28,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 2.0%

Shares of Mondelez International stock opened at $58.30 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The stock has a market cap of $74.84 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.33 and a beta of 0.39. The company has a fifty day moving average price of $61.17 and a 200 day moving average price of $58.82.

Mondelez International (NASDAQ:MDLZ) last announced its 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. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the business posted $0.76 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Freedom Capital lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. UBS Group increased their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

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.