Mondelez International, Inc. $MDLZ Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 136.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 707,952 shares of the company’s stock after acquiring an additional 408,650 shares during the quarter. Fifth Third Bancorp’s holdings in Mondelez International were worth $40,806,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC lifted its holdings in Mondelez International by 16.0% during the first quarter. Simplicity Wealth LLC now owns 10,792 shares of the company’s stock valued at $622,000 after purchasing an additional 1,489 shares in the last quarter. Conning Inc. grew its position in shares of Mondelez International by 0.7% in the first quarter. Conning Inc. now owns 627,416 shares of the company’s stock valued at $36,164,000 after purchasing an additional 4,216 shares during the period. DMC Group LLC purchased a new stake in shares of Mondelez International during the first quarter worth about $207,000. Whipplewood Advisors LLC increased its stake in shares of Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of Mondelez International by 5.4% during the 1st quarter. Waterfront Wealth Inc. now owns 14,991 shares of the company’s stock worth $864,000 after purchasing an additional 762 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on MDLZ shares. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Bank of America boosted their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Barclays lifted their price target on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Price Performance

MDLZ stock opened at $58.83 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The business has a 50 day simple moving average of $61.12 and a 200-day simple moving average of $58.86. The firm has a market capitalization of $75.52 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for 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 was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 3.05 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s 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.