Caisse DE Depot ET Placement DU Quebec Sells 906,937 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Mondelez International, Inc. by 46.5%, owning 1,043,272 shares worth approximately $70.8 million following this sale.
• Various institutional investors, including Price T Rowe Associates and Ameriprise Financial, have increased their positions in Mondelez International, indicating strong interest from large investment funds.
• Mondelez International reported a 7.7% increase in revenue year-over-year for the most recent quarter, alongside an announced dividend increase from $0.47 to $0.50 per share.

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,043,272 shares of the company's stock after selling 906,937 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Mondelez International worth $70,786,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Mondelez International during the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. North Capital Inc. bought a new stake in Mondelez International during the first quarter worth about $31,000. Finally, Orion Capital Management LLC bought a new stake in Mondelez International during the fourth quarter worth about $30,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.3%

NASDAQ:MDLZ traded up $0.16 during mid-day trading on Friday, reaching $61.44. 5,866,833 shares of the company's stock traded hands, compared to its average volume of 7,301,783. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a 50 day moving average price of $65.82 and a 200-day moving average price of $65.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. 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 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 given 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 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, UBS Group dropped their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.