BNP Paribas Financial Markets Has $177.45 Million Holdings in Mondelez International, Inc. $MDLZ

BNP Paribas Financial Markets trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,840,591 shares of the company’s stock after selling 385,243 shares during the quarter. BNP Paribas Financial Markets’ holdings in Mondelez International were worth $177,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors raised its stake in Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after purchasing an additional 6,958,868 shares during the last quarter. JPMorgan Chase & Co. grew its position in Mondelez International by 17.1% in the 3rd 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 grew its position in Mondelez International by 1.1% in the 2nd 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Mondelez International by 0.8% during the 2nd 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. Finally, Norges Bank bought a new position in shares of Mondelez International during the 2nd quarter worth about $1,239,834,000. Institutional investors own 78.32% of the company’s stock.

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on 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 approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MDLZ shares. Piper Sandler increased their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Sanford C. Bernstein cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. TD Cowen reduced their price objective on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.06.

Mondelez International Stock Down 2.2%

Shares of NASDAQ MDLZ opened at $55.36 on Thursday. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The business has a fifty day moving average of $58.19 and a two-hundred day moving average of $58.67. The stock has a market cap of $70.96 billion, a PE ratio of 29.45, a PEG ratio of 2.36 and a beta of 0.38.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.

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.