Geode Capital Management LLC Grows Holdings in Mondelez International, Inc. $MDLZ

Geode Capital Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,298,651 shares of the company’s stock after purchasing an additional 108,179 shares during the period. Geode Capital Management LLC’s holdings in Mondelez International were worth $1,570,182,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Mondelez International during the 3rd quarter valued at about $27,000. JPL Wealth Management LLC purchased a new stake in Mondelez International during the 3rd quarter valued at about $32,000. McIlrath & Eck LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $30,000. High Point Wealth Management LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $30,000. Finally, Navalign LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.2%

MDLZ opened at $62.39 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $59.10 and a 200-day moving average price of $57.71. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15. The stock has a market capitalization of $80.09 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.44 and a beta of 0.39.

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

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. TD Cowen upped their target price on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Argus raised shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

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.