CreativeOne Wealth LLC Cuts Position in Mondelez International, Inc. $MDLZ

Key Points

• CreativeOne Wealth LLC reduced its stake in Mondelez International by 36.0%, holding 22,409 shares valued at approximately $1.52 million as of its latest SEC filing.
• Multiple institutional investors have increased their positions in Mondelez, with Price T Rowe Associates growing its stake by 90.1%, while Goldman Sachs raised its position by 57.6%.
• Mondelez International recently announced an increase in its quarterly dividend to $0.50 per share, representing an annualized yield of 3.3%.

CreativeOne Wealth LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,409 shares of the company's stock after selling 12,624 shares during the period. CreativeOne Wealth LLC's holdings in Mondelez International were worth $1,520,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $866,843,000. Finally, Invesco Ltd. lifted its stake in Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock worth $851,327,000 after purchasing an additional 137,604 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, UBS Group lowered their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Trading Up 0.3%

MDLZ stock traded up $0.16 during 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. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $79.50 billion, a P/E ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.44. The business has a 50 day moving average of $65.68 and a 200 day moving average of $65.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Mondelez International's revenue 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, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio 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.