Comerica Bank Decreases Stake in Mondelez International, Inc. $MDLZ

Key Points

• Comerica Bank has reduced its stake in Mondelez International by 9.2%, owning 482,244 shares worth approximately $32.7 million after selling 49,099 shares.
• Wall Street analysts have a generally positive outlook on Mondelez, with a consensus rating of "Moderate Buy" and a consensus price target of $72.00.
• Mondelez recently increased its quarterly dividend to $0.50 per share, representing a 3.2% yield and marking a positive change from the previous dividend of $0.47.

Comerica Bank reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 482,244 shares of the company's stock after selling 49,099 shares during the period. Comerica Bank's holdings in Mondelez International were worth $32,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new position in shares of Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International during the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. raised 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 worth $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. acquired a new stake in Mondelez International during the first quarter worth about $31,000. Finally, Orion Capital Management LLC acquired a new stake in Mondelez International during the fourth quarter worth about $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Fourteen 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 data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Price Performance

NASDAQ MDLZ opened at $63.41 on Monday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. 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 $82.05 billion, a PE ratio of 23.23, a P/E/G ratio of 4.79 and a beta of 0.46. The company's 50 day simple moving average is $66.34 and its 200 day simple moving average is $65.87.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS 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 business 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 earned $0.86 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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 yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 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.

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