Acadian Asset Management LLC Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Acadian Asset Management LLC significantly reduced its holdings in Mondelez International by 90.4% in the first quarter, selling 832,739 shares and leaving it with 88,851 shares valued at approximately $6 million.
• Despite the reduction by Acadian, several other institutional investors have increased their stakes in Mondelez International, indicating ongoing interest in the stock as it remains 78.32% owned by institutional investors.
• Mondelez International reported a strong quarterly earnings result with an EPS of $0.73, exceeding analysts' expectations, while also announcing an increase in its quarterly dividend to $0.50 per share.

Acadian Asset Management LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 90.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,851 shares of the company's stock after selling 832,739 shares during the quarter. Acadian Asset Management LLC's holdings in Mondelez International were worth $6,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hemington Wealth Management boosted its position in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after buying an additional 168 shares during the last quarter. Sage Private Wealth Group LLC increased its stake in Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares in the last quarter. Finally, Verus Financial Partners Inc. increased its stake in Mondelez International by 3.7% in the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after purchasing an additional 179 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MDLZ shares. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Piper Sandler raised their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

NASDAQ MDLZ opened at $61.98 on Friday. The company has a market cap of $80.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm's 50-day simple moving average is $64.50 and its two-hundred day simple moving average is $65.83.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. 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 of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is currently 73.26%.

Mondelez International Profile

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.

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