Mondelez International, Inc. $MDLZ Stake Boosted by ING Groep NV

ING Groep NV grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6,741.9% in the 4th quarter, Holdings Channel reports. The firm owned 476,675 shares of the company’s stock after acquiring an additional 469,708 shares during the quarter. ING Groep NV’s holdings in Mondelez International were worth $25,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after buying an additional 1,646,213 shares during the period. Capital International Investors boosted its position in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after buying an additional 8,382,270 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares during the period. State Street Corp boosted its position in shares of Mondelez International by 1.5% during the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock worth $3,797,087,000 after buying an additional 862,720 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Mondelez International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after buying an additional 108,179 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDLZ. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Bank of America upped their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. 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. Finally, UBS Group upped their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Performance

MDLZ opened at $62.04 on Friday. The company has a market capitalization of $79.64 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. 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, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The business has a 50 day moving average price of $59.64 and a two-hundred day moving average price of $57.89.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

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.