Resona Asset Management Co. Ltd. Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

Resona Asset Management Co. Ltd. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 458,051 shares of the company’s stock after selling 15,575 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Mondelez International were worth $24,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the period. United Bank increased its holdings in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. increased its holdings in Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after buying an additional 71,667 shares during the period. Osterweis Capital Management Inc. increased its holdings in Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after buying an additional 1,341 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after buying an additional 4,668 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $61.29 on Wednesday. The company’s fifty day moving average price is $58.33 and its 200-day moving average price is $57.46. The firm has a market capitalization of $78.67 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.39. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.

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

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. TD Cowen lifted their target price 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 reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Morgan Stanley lifted their target price on Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Argus upgraded Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Finally, UBS Group lifted their target price 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 analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Mondelez International 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.