OLD Republic International Corp Takes Position in Mondelez International, Inc. $MDLZ

OLD Republic International Corp acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 161,400 shares of the company’s stock, valued at approximately $10,083,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Mondelez International in the second quarter worth approximately $1,239,834,000. First Trust Advisors LP boosted its stake in shares of Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after acquiring an additional 2,701,229 shares in the last quarter. Corient Private Wealth LLC grew 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 acquiring an additional 2,020,135 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after acquiring an additional 1,699,980 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Mondelez International by 10.7% during the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 2.0%

Mondelez International stock opened at $55.09 on Monday. The firm has a market cap of $71.09 billion, a price-to-earnings ratio of 20.63 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The firm has a fifty day moving average price of $55.25 and a two-hundred day moving average price of $60.79.

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

Mondelez International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDLZ shares. TD Cowen dropped their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Evercore ISI cut their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.26.

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.