Rakuten Investment Management Inc. Purchases Shares of 16,471 Mondelez International, Inc. $MDLZ

Rakuten Investment Management Inc. acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,471 shares of the company’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Brighton Jones LLC lifted its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. McAdam LLC raised its position in shares of Mondelez International by 18.7% during the 2nd quarter. McAdam LLC now owns 4,376 shares of the company’s stock valued at $295,000 after buying an additional 688 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Mondelez International by 3.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 13,124 shares of the company’s stock valued at $885,000 after acquiring an additional 393 shares during the last quarter. Banque Pictet & Cie SA grew its position in Mondelez International by 8.0% in the second quarter. Banque Pictet & Cie SA now owns 105,836 shares of the company’s stock worth $7,138,000 after acquiring an additional 7,869 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in Mondelez International by 1.4% during the second quarter. Congress Asset Management Co. now owns 142,017 shares of the company’s stock worth $9,578,000 after acquiring an additional 2,013 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.4%

Shares of MDLZ opened at $58.40 on Friday. The firm has a fifty day moving average price of $55.34 and a 200-day moving average price of $60.05. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $75.36 billion, a P/E ratio of 21.87 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). The company had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. 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 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Thursday, October 2nd. Bank of America lowered their target price on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Piper Sandler cut their price target on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.11.

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.