Nippon Life Global Investors Americas Inc. Has $13.33 Million Holdings in Mondelez International, Inc. $MDLZ

Nippon Life Global Investors Americas Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 56.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,650 shares of the company’s stock after acquiring an additional 82,550 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Mondelez International were worth $13,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new stake in Mondelez International in the 4th quarter valued at $25,000. Advocate Investing Services LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at $28,000. High Point Wealth Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.66 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a 50-day moving average of $61.18 and a 200-day moving average of $59.99. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The company has a market cap of $79.97 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.59 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. UBS Group boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. TD Cowen raised their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

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.