Lecap Asset Management Ltd. Makes New Investment in Mondelez International, Inc. $MDLZ

Lecap Asset Management Ltd. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,045 shares of the company’s stock, valued at approximately $928,000.

Several other institutional investors have also modified their holdings of MDLZ. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth $1,010,020,000. Capital International Investors raised its stake in Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after buying an additional 8,382,270 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after buying an additional 3,993,811 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after acquiring an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after acquiring an additional 2,801,689 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. TD Cowen upped their price target on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. UBS Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.61 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a market cap of $81.19 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. The company’s 50 day simple moving average is $61.17 and its 200-day simple moving average is $59.92. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the company posted $0.73 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Mondelez International’s payout ratio is currently 73.53%.

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.