Canada Pension Plan Investment Board Decreases Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Mondelez International by 57.8%, now owning approximately 1.62 million shares valued at $110.04 million.
• Multiple institutional investors have adjusted their stakes in Mondelez, with significant increases from E Fund Management Hong Kong, highlighting a shifting investment landscape around the company.
• Mondelez International recently reported a quarterly earnings per share of $0.73, beating estimates, and announced an increase in its dividend to $0.50 per share, reflecting strong financial performance.

Canada Pension Plan Investment Board reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,621,860 shares of the company's stock after selling 2,222,320 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.13% of Mondelez International worth $110,043,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MDLZ. Brighton Jones LLC increased its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Mondelez International by 8.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 11,673 shares of the company's stock worth $697,000 after buying an additional 887 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Mondelez International during the 4th quarter worth about $13,522,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Mondelez International during the 4th quarter worth about $65,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. UBS Group lowered 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. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. started 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. Finally, Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen investment 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. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Stock Performance

MDLZ traded up $0.16 during midday trading on Monday, reaching $61.44. The company had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average of $65.68 and a two-hundred day moving average of $65.94. The company has a market cap of $79.50 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. 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 quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter last year, the business posted $0.86 EPS. The firm'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. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced 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 is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Mondelez International 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.