Norges Bank Purchases Shares of 18,763,142 Mondelez International, Inc. $MDLZ

Norges Bank bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, HoldingsChannel.com reports. The fund bought 18,763,142 shares of the company’s stock, valued at approximately $1,010,020,000.

Other hedge funds have also modified their holdings of the company. OLD Republic International Corp raised its holdings in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after buying an additional 252,700 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Mondelez International by 8.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after buying an additional 46,182 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $2,629,000. VCI Wealth Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $970,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of Mondelez International by 15.3% in the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after buying an additional 28,797 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDLZ. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Finally, TD Cowen increased their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Trading Down 2.0%

MDLZ stock opened at $61.17 on Friday. The business has a fifty day moving average price of $59.19 and a 200 day moving average price of $57.73. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The stock has a market capitalization of $78.52 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 2.39 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Mondelez International Company 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.