Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Mondelez International, Inc. $MDLZ

Mitsubishi UFJ Trust & Banking Corp lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 794,041 shares of the company’s stock after selling 15,861 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mondelez International were worth $49,604,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Mondelez International by 0.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Mondelez International by 4.9% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares during the period. Financial Perspectives Inc lifted its stake in shares of Mondelez International by 22.9% during the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after acquiring an additional 176 shares during the last quarter. Finally, Sonora Investment Management Group LLC boosted its holdings in Mondelez International by 3.8% during the 2nd quarter. Sonora Investment Management Group LLC now owns 4,888 shares of the company’s stock valued at $330,000 after acquiring an additional 179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MDLZ shares. Bank of America reduced their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. UBS Group reduced their price target on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Mizuho reduced their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Up 1.4%

NASDAQ:MDLZ opened at $58.40 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a 50-day moving average of $55.34 and a 200 day moving average of $60.05. The firm has a market cap of $75.36 billion, a PE ratio of 21.87 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is 74.91%.

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.