Mondelez International, Inc. $MDLZ Stock Holdings Trimmed by DNB Asset Management AS

DNB Asset Management AS lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386,961 shares of the company’s stock after selling 14,211 shares during the period. DNB Asset Management AS’s holdings in Mondelez International were worth $24,173,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDLZ. JPMorgan Chase & Co. lifted its stake in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. State Street Corp raised its holdings in shares of Mondelez International by 1.1% during the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after purchasing an additional 670,634 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after purchasing an additional 242,695 shares during the period. Norges Bank bought a new position in shares of Mondelez International in the 2nd quarter worth about $1,239,834,000. Finally, Invesco Ltd. boosted its holdings in shares of Mondelez International by 10.7% in the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after buying an additional 1,345,078 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $61.58 on Friday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The company has a market cap of $78.94 billion, a PE ratio of 32.76, a P/E/G ratio of 2.50 and a beta of 0.38. The stock has a 50 day simple moving average of $57.62 and a 200-day simple moving average of $58.93. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $10.50 billion for 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 firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. DA Davidson reiterated a “neutral” rating and set a $62.00 price target on shares of Mondelez International in a research report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Finally, Morgan Stanley lowered 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. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Insiders Place Their Bets

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction dated 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 owned 99,596 shares in the company, valued at $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

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.