Varma Mutual Pension Insurance Co Increases Holdings in Mondelez International, Inc. $MDLZ

Varma Mutual Pension Insurance Co grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 295,165 shares of the company’s stock after buying an additional 24,100 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Mondelez International were worth $18,439,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Mondelez International in the 2nd quarter worth about $1,239,834,000. First Trust Advisors LP lifted its holdings in Mondelez International by 197.9% in the second 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 during the period. Federated Hermes Inc. boosted its position in Mondelez International by 2,080.4% during the 3rd quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after acquiring an additional 2,353,841 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Mondelez International by 88.1% during 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 period. Finally, Confluence Investment Management LLC raised its position 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 in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Morgan Stanley dropped their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Bank of America lowered their target price on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. DA Davidson reiterated a “neutral” rating and set a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Finally, TD Cowen reduced their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.75.

Mondelez International Stock Performance

MDLZ stock opened at $61.86 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The firm has a market cap of $79.82 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.57 and a beta of 0.38. The business’s fifty day simple moving average is $56.25 and its two-hundred day simple moving average is $59.21. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67.

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

Mondelez International Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is presently 106.38%.

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.