Candriam S.C.A. Sells 206,493 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Candriam S.C.A. has reduced its stake in Mondelez International by 17.4%, selling 206,493 shares and now holding approximately 0.08% of the company's stock valued at $66.6 million.
• Mondelez International's stock has seen an increase of 1.3%, with a current market cap of $81.08 billion and reported earnings of $0.73 per share, surpassing analyst estimates.
• The company announced a dividend increase to $0.50 per share, reflecting a 6.4% rise from the previous dividend and yielding 3.2% annually.

Candriam S.C.A. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 17.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 981,889 shares of the company's stock after selling 206,493 shares during the period. Candriam S.C.A. owned approximately 0.08% of Mondelez International worth $66,621,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the first quarter worth $26,000. Transce3nd LLC bought a new stake in Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC bought a new stake in Mondelez International in the fourth quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 1.3%

Shares of Mondelez International stock opened at $62.66 on Wednesday. The company has a market cap of $81.08 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 4.67 and a beta of 0.46. The company's 50 day moving average is $66.59 and its 200 day moving average is $65.68. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. 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. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed 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. 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 of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 73.26%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Barclays boosted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Fourteen investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $71.95.

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.

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