Mondelez International, Inc. $MDLZ Stake Boosted by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,109 shares of the company’s stock after acquiring an additional 41,238 shares during the period. Mondelez International accounts for 1.0% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 27th biggest holding. ICICI Prudential Asset Management Co Ltd’s holdings in Mondelez International were worth $8,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International during the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. High Point Wealth Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $30,000. McIlrath & Eck LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, Navalign LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 1.3%

Shares of NASDAQ:MDLZ opened at $63.36 on Friday. The stock has a market capitalization of $81.33 billion, a PE ratio of 31.52, a P/E/G ratio of 2.51 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The firm has a fifty day moving average price of $60.04 and a 200 day moving average price of $58.10. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. Mondelez International’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders 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 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio is 99.50%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. UBS Group upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, TD Cowen upped their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus 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.