JPMorgan Chase & Co. Has $3.40 Billion Position in Mondelez International, Inc. $MDLZ

JPMorgan Chase & Co. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,105,404 shares of the company’s stock after selling 6,482,722 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mondelez International were worth $3,396,964,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ING Groep NV boosted its stake in Mondelez International by 6,741.9% in the fourth quarter. ING Groep NV now owns 476,675 shares of the company’s stock worth $25,659,000 after purchasing an additional 469,708 shares in the last quarter. Capital International Sarl boosted its stake in Mondelez International by 55.7% in the fourth quarter. Capital International Sarl now owns 417,659 shares of the company’s stock worth $22,483,000 after purchasing an additional 149,327 shares in the last quarter. Capital International Ltd. CA boosted its stake in Mondelez International by 66.1% in the fourth quarter. Capital International Ltd. CA now owns 251,874 shares of the company’s stock worth $13,558,000 after purchasing an additional 100,270 shares in the last quarter. Capital International Inc. CA boosted its stake in Mondelez International by 30.4% in the fourth quarter. Capital International Inc. CA now owns 1,203,129 shares of the company’s stock worth $64,764,000 after purchasing an additional 280,264 shares in the last quarter. Finally, Capital International Investors boosted its stake in Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after purchasing an additional 8,382,270 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Finally, Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.04 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The firm has a market capitalization of $79.64 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. The stock’s fifty day simple moving average is $59.64 and its 200-day simple moving average is $57.90.

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

Mondelez International Dividend Announcement

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

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.