North Dakota State Investment Board Invests $2.39 Million in Mondelez International, Inc. $MDLZ

North Dakota State Investment Board acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 44,435 shares of the company’s stock, valued at approximately $2,392,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Mondelez International during the 3rd quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $32,000. McIlrath & Eck LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $30,000. High Point Wealth Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $30,000. Finally, Navalign LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 2.0%

Shares of NASDAQ MDLZ opened at $61.64 on Tuesday. The stock has a market cap of $79.12 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.37 and a beta of 0.39. 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 52-week low of $51.20 and a 52-week high of $71.15. The business has a 50-day moving average price of $58.27 and a 200 day moving average price of $57.43.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.14% and a net margin of 6.64%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDLZ. Sanford C. Bernstein lowered their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Morgan Stanley upped their target price on Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. BTIG Research initiated coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. DA Davidson reissued a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Finally, 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 research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.05.

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.