Franklin Resources Inc. Acquires 229,959 Shares of Mondelez International, Inc. $MDLZ

Franklin Resources Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,279,376 shares of the company’s stock after purchasing an additional 229,959 shares during the period. Franklin Resources Inc. owned about 0.41% of Mondelez International worth $284,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International during the third quarter worth $27,000. High Point Wealth Management LLC bought a new stake in Mondelez International during the fourth quarter worth $30,000. McIlrath & Eck LLC bought a new stake in Mondelez International during the fourth quarter worth $30,000. Navalign LLC bought a new stake in Mondelez International during the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC bought a new stake in Mondelez International during the third quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein cut their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company upped their target price on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Up 2.2%

Shares of MDLZ opened at $62.93 on Wednesday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market capitalization of $80.78 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The stock has a fifty day moving average of $59.81 and a 200-day moving average of $57.99.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the company earned $0.76 EPS. Mondelez International’s revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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