Mitsubishi UFJ Trust & Banking Corp Has $45.79 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• Mitsubishi UFJ Trust & Banking increased its Mondelez International stake by 3.2% in the second quarter, owning 791,724 shares valued at approximately $45.79 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $67.30, above the stock’s recent $62.18 price.
• Mondelez exceeded quarterly expectations, reporting $0.73 in adjusted earnings per share and $9.36 billion in revenue, while revenue grew 4.1% year over year. The company also raised its quarterly dividend to $0.52, representing a 3.3% annualized yield.

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791,724 shares of the company's stock after buying an additional 24,809 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Mondelez International worth $45,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. J.Safra Asset Management Corp bought a new stake in Mondelez International in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the fourth quarter worth about $28,000. High Point Wealth Management LLC bought a new stake in Mondelez International during the fourth quarter worth $30,000. Finally, McIlrath & Eck LLC bought a new stake in Mondelez International in the 4th quarter worth about $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. UBS Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. BNP Paribas Exane raised their price target on Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 26th. Finally, TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.30.

Mondelez International Stock Down 2.2%

NASDAQ MDLZ opened at $62.18 on Tuesday. The stock has a market capitalization of $79.36 billion, a PE ratio of 22.86, a PEG ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The business's 50-day moving average is $61.18 and its 200 day moving average is $59.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's dividend payout ratio is currently 73.53%.

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.

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