Sumitomo Mitsui Trust Group Inc. Has $175.36 Million Holdings in Mondelez International, Inc. $MDLZ

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,031,848 shares of the company’s stock after selling 307,631 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mondelez International were worth $175,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MDLZ. OLD Republic International Corp increased its stake in Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after purchasing an additional 252,700 shares in the last quarter. Allstate Corp lifted its stake in shares of Mondelez International by 107.7% in the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock valued at $5,250,000 after buying an additional 50,562 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Mondelez International by 41.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock valued at $215,677,000 after buying an additional 1,166,036 shares in the last quarter. VCI Wealth Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $970,000. Finally, PKO Investment Management Joint Stock Co grew its holdings in shares of Mondelez International by 115.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after buying an additional 54,066 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on MDLZ. TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. UBS Group raised their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. BNP Paribas Exane boosted their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Price Performance

Mondelez International stock opened at $63.61 on Friday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company’s 50 day moving average price is $61.17 and its two-hundred day moving average price is $59.92. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The stock has a market cap of $81.19 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.58 and a beta of 0.38.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. Mondelez International’s 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.