Mondelez International, Inc. $MDLZ Shares Sold by Delta Investment Management LLC

Key Points

• Delta Investment Management LLC reduced its stake in Mondelez International by 47.7%, selling 4,098 shares during the first quarter, leaving them with a total of 4,492 shares valued at $305,000.
• Several analysts upgraded Mondelez International's stock, with Wells Fargo raising its target price to $78.00, while the average consensus rating remains a "Moderate Buy" with a target price of $72.00.
• Mondelez International announced a dividend increase to $0.50 per share, representing a 3.2% yield based on a payout ratio of 68.86%, scheduled for distribution on October 14th.

Delta Investment Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,492 shares of the company's stock after selling 4,098 shares during the quarter. Delta Investment Management LLC's holdings in Mondelez International were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Deutsche Bank AG grew its stake in Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Nuveen LLC bought a new position in Mondelez International in the first quarter worth approximately $866,843,000. Finally, Invesco Ltd. grew 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 in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.3%

Shares of MDLZ traded up $0.16 during midday trading on Monday, hitting $61.44. 5,866,833 shares of the company's stock traded hands, compared to its average volume of 7,062,599. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm's fifty day moving average is $65.82 and its 200-day moving average is $65.93. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS 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 firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the business 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. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on MDLZ. Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report 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 given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.