Banque Transatlantique SA Has $794,000 Stake in Mondelez International, Inc. $MDLZ

Key Points

• Banque Transatlantique SA increased its stake in Mondelez International by 294.5%, acquiring an additional 9,449 shares, bringing its total ownership to 12,657 shares valued at approximately $794,000.
• Mondelez International reported $0.73 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $0.68, while also revealing a revenue of $8.98 billion against an expected $8.82 billion.
• The company has announced a quarterly dividend of $0.50 per share, increasing from the previous $0.47, with a dividend yield of 3.3%.

Banque Transatlantique SA lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 294.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,657 shares of the company's stock after buying an additional 9,449 shares during the period. Banque Transatlantique SA's holdings in Mondelez International were worth $794,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. raised its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Mondelez International in the 1st quarter valued at about $189,930,000. Finally, Deutsche Bank AG raised its holdings in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group lowered their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Piper Sandler raised their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Price Performance

Mondelez International stock traded up $0.84 during mid-day trading on Friday, reaching $61.74. The company had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.89 billion, a P/E ratio of 22.62, a P/E/G ratio of 4.67 and a beta of 0.44. The business has a fifty day simple moving average of $65.16 and a 200 day simple moving average of $65.88.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm 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. 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 is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

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.