Bessemer Group Inc. Boosts Holdings in Mondelez International, Inc. $MDLZ

Bessemer Group Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,277 shares of the company’s stock after acquiring an additional 9,897 shares during the period. Bessemer Group Inc.’s holdings in Mondelez International were worth $3,706,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays increased their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. BTIG Research started coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $59.86 on Wednesday. The firm has a market capitalization of $76.84 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The business has a fifty day moving average of $60.91 and a 200 day moving average of $59.12. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

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.