Alyeska Investment Group L.P. Acquires New Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Alyeska Investment Group L.P. acquired 567,595 shares of Mondelez International valued at approximately $38.5 million in the 1st quarter, marking a significant investment in the company.
• Mondelez has recently announced a quarterly dividend increase to $0.50 per share, reflecting a 3.3% yield, while its dividend payout ratio stands at 68.86%.
• Several hedge funds, including Price T Rowe Associates and Goldman Sachs, have significantly increased their stakes in Mondelez, highlighting strong institutional interest in the company.

Alyeska Investment Group L.P. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 567,595 shares of the company's stock, valued at approximately $38,511,000.

Several other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Deutsche Bank AG grew its stake in Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after buying an additional 2,002,640 shares in the last quarter. Nuveen LLC purchased a new position in Mondelez International in the 1st quarter worth approximately $866,843,000. Invesco Ltd. grew its stake in Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock worth $851,327,000 after buying an additional 137,604 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MDLZ shares. UBS Group cut their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. 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 note on Friday, June 20th. Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Trading Down 0.8%

Shares of MDLZ opened at $61.30 on Thursday. The firm has a market cap of $79.32 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 4.65 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50 day moving average price of $65.42 and a 200-day moving average price of $65.88.

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 for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 68.86%.

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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