Mondelez International, Inc. $MDLZ Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Mondelez International, Inc. by 28.9%, selling 20,730 shares and now holding a total of 51,099 shares valued at approximately $3.47 million.
• Mondelez International recently declared a quarterly dividend of $0.50, which marks an increase from its previous dividend of $0.47, representing a 3.2% yield.
• In their latest earnings report, Mondelez exceeded analysts' expectations with a reported EPS of $0.73 and a revenue of $8.98 billion, reflecting a 7.7% revenue growth year-over-year.

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,099 shares of the company's stock after selling 20,730 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Mondelez International were worth $3,467,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MDLZ. Kingswood Wealth Advisors LLC boosted its holdings in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares during the period. Canopy Partners LLC boosted its holdings in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after buying an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after buying an additional 8,544 shares during the period. TCW Group Inc. boosted its holdings in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after buying an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after buying an additional 4,002 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MDLZ shares. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. 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 report on Thursday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday. They set an "overweight" rating and a $75.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Stock Performance

Mondelez International stock traded up $0.47 during midday trading on Friday, reaching $63.41. 6,390,624 shares of the stock traded hands, compared to its average volume of 8,314,123. 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 firm has a fifty day moving average price of $66.34 and a two-hundred day moving average price of $65.81. The firm has a market cap of $82.05 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 4.79 and a beta of 0.46. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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%. Mondelez International's 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. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 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.