Mondelez International, Inc. $MDLZ Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC decreased its stake in Mondelez International by 1.4%, now owning 1,360,751 shares worth approximately $91.9 million after selling 18,632 shares in the first quarter.
• Mondelez recently announced a quarterly dividend increase to $0.50 per share, yielding 3.3%, and will pay this on October 14.
• The company reported a 7.7% increase in revenue year-on-year, totaling $8.98 billion, and surpassed analysts' EPS expectations with a reported $0.73 for the last quarter.

AQR Capital Management LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,360,751 shares of the company's stock after selling 18,632 shares during the period. AQR Capital Management LLC owned approximately 0.11% of Mondelez International worth $91,919,000 at the end of the most recent quarter.

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

Mondelez International Trading Up 1.0%

Shares of NASDAQ MDLZ traded up $0.63 during midday trading on Tuesday, reaching $62.57. 5,752,039 shares of the stock were exchanged, compared to its average volume of 8,807,518. The company has a 50 day simple moving average of $65.05 and a 200 day simple moving average of $65.91. The stock has a market capitalization of $80.96 billion, a P/E ratio of 22.92, a PEG 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 twelve month low of $53.95 and a twelve month high of $76.06.

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 business had revenue of $8.98 billion during 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 business's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities analysts expect 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. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 68.86%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Stifel Nicolaus raised their price target 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. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, UBS Group decreased their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.