Sumitomo Mitsui Trust Group Inc. Has $221.85 Million Position in Mondelez International, Inc. $MDLZ

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,551,365 shares of the company’s stock after buying an additional 46,293 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Mondelez International were worth $221,854,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Soundwatch Capital LLC bought a new stake in Mondelez International in the 2nd quarter valued at $27,000. Rossby Financial LCC increased its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the period. Aspect Partners LLC increased its holdings in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. acquired a new position in Mondelez International in the 2nd quarter valued at $33,000. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after acquiring an additional 196 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MDLZ. JPMorgan Chase & Co. reduced their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. DA Davidson reduced their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. TD Cowen dropped their price objective on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Finally, Mizuho lowered their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.26.

Mondelez International Price Performance

MDLZ stock opened at $54.92 on Tuesday. The company’s 50-day moving average is $55.21 and its 200-day moving average is $60.70. The stock has a market capitalization of $70.87 billion, a PE ratio of 20.57 and a beta of 0.39. 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.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The business had revenue of $9.74 billion for the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.6%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

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.