Van ECK Associates Corp Has $320.64 Million Stock Position in Mondelez International, Inc. $MDLZ

Van ECK Associates Corp increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,956,605 shares of the company’s stock after purchasing an additional 764,304 shares during the period. Van ECK Associates Corp owned approximately 0.46% of Mondelez International worth $320,644,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Royal London Asset Management Ltd. grew its stake in Mondelez International by 8.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 569,510 shares of the company’s stock valued at $30,657,000 after acquiring an additional 41,975 shares during the period. Victory Capital Management Inc. grew its stake in Mondelez International by 8.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,948,388 shares of the company’s stock valued at $104,882,000 after acquiring an additional 153,139 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Mondelez International by 1,470.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 105,025 shares of the company’s stock valued at $5,653,000 after acquiring an additional 98,336 shares during the period. Gator Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at approximately $534,000. Finally, Wealthspire Advisors LLC grew its stake in Mondelez International by 1.8% in the fourth quarter. Wealthspire Advisors LLC now owns 22,296 shares of the company’s stock valued at $1,200,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6%

MDLZ stock opened at $62.99 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average is $60.16 and its 200-day moving average is $58.13. The firm has a market capitalization of $80.86 billion, a PE ratio of 31.34, a P/E/G ratio of 2.48 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its 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 company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is currently 99.50%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Bank of America raised their price objective on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. TD Cowen raised their price objective on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Finally, UBS Group raised their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

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.