1832 Asset Management L.P. Lowers Position in Mondelez International, Inc. $MDLZ

Key Points

• 1832 Asset Management L.P. has reduced its holdings in Mondelez International by 71.3%, now owning approximately 957,953 shares valued at around $65 million after selling over 2.3 million shares in Q1.
• Mondelez has reported a 7.7% increase in revenue year-over-year for the last quarter, with a revenue of $8.98 billion and an earnings per share (EPS) of $0.73, beating estimates.
• The company is increasing its quarterly dividend from $0.47 to $0.50 per share, reflecting a dividend yield of 3.2%.

1832 Asset Management L.P. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 71.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 957,953 shares of the company's stock after selling 2,381,834 shares during the period. 1832 Asset Management L.P. owned 0.07% of Mondelez International worth $64,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abound Financial LLC bought a new position in Mondelez International during the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the first quarter valued at $26,000. Orion Capital Management LLC bought a new position in Mondelez International during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. Finally, North Capital Inc. bought a new position in Mondelez International during the first quarter valued at $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.09 during trading on Tuesday, hitting $62.05. 8,456,946 shares of the company were exchanged, compared to its average volume of 8,920,237. The company has a market cap of $80.29 billion, a PE ratio of 22.73, a P/E/G ratio of 4.79 and a beta of 0.46. The stock has a 50 day moving average of $66.23 and a 200 day moving average of $65.89. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. UBS Group reduced their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Piper Sandler increased their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $72.00.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.