Amundi Has $192.02 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Amundi reduced its stake in Mondelez International, Inc. by 1.0% during the first quarter, holding approximately 2.83 million shares worth $192 million as per its latest SEC filing.
• Mondelez International reported earnings of $0.73 per share for the last quarter, exceeding analysts' expectations, with revenue reaching $8.98 billion, reflecting a year-over-year increase of 7.7%.
• The company announced a quarterly dividend increase to $0.50 per share, equating to an annualized yield of 3.3% and a payout ratio of 68.86%.

Amundi decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,828,015 shares of the company's stock after selling 28,519 shares during the quarter. Amundi owned approximately 0.22% of Mondelez International worth $192,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. acquired a new stake in Mondelez International in the 1st quarter valued at about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Dbs Bank raised 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.63 during trading hours on Tuesday, hitting $62.57. 5,748,491 shares of the stock were exchanged, compared to its average volume of 8,795,024. The company's fifty day simple moving average is $65.05 and its two-hundred day simple moving average is $65.91. The company has a market cap of $80.96 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 4.67 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 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, sell-side 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. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Mondelez International Company 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.