AG2R LA Mondiale Gestion D Actifs Takes $3.37 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• AG2R LA Mondiale Gestion D Actifs has taken a new position in Mondelez International, acquiring approximately $3.37 million worth of stock, totaling 49,880 shares.
• Mondelez International recently announced a quarterly dividend of $0.50, increasing from the previous $0.47, with a dividend yield of 3.2%.
• Analysts have collectively rated Mondelez International as a "Moderate Buy"** with a consensus price target of $72.00, following positive earnings that surpassed expectations.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 49,880 shares of the company's stock, valued at approximately $3,366,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new position in shares of Mondelez International during the first quarter worth about $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.6%

Shares of NASDAQ MDLZ traded down $0.38 during trading on Monday, hitting $61.60. 6,723,810 shares of the company traded hands, compared to its average volume of 6,162,371. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.98. The company has a 50-day moving average price of $64.36 and a 200-day moving average price of $65.83. The firm has a market capitalization of $79.71 billion, a P/E ratio of 22.56, a P/E/G ratio of 4.69 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. 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 $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective for the company. UBS Group reduced their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Piper Sandler raised their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Barclays lifted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.