DnB Asset Management AS Increases Stake in Mondelez International, Inc. $MDLZ

Key Points

• DnB Asset Management AS increased its stake in Mondelez International by 44.3%, acquiring a total of 431,126 shares valued at approximately $29.25 million.
• Analysts have mixed views on Mondelez shares, with price targets ranging from $67.00 to $88.00, and a consensus rating of "Moderate Buy."
• Mondelez International has announced an increase in its quarterly dividend to $0.50 per share, yielding an annualized rate of 3.3%.

DnB Asset Management AS lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 44.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,126 shares of the company's stock after buying an additional 132,447 shares during the quarter. DnB Asset Management AS's holdings in Mondelez International were worth $29,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. acquired a new stake in Mondelez International during the 1st quarter valued at $31,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. Barclays lifted 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. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, UBS Group dropped 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. Fourteen investment 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. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Trading Up 0.3%

Shares of NASDAQ:MDLZ traded up $0.20 during midday trading on Monday, hitting $61.94. 6,539,604 shares of the stock were exchanged, compared to its average volume of 6,640,979. The stock has a market capitalization of $80.15 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 4.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The business's 50-day moving average price is $65.16 and its 200 day moving average price is $65.93. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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 return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the business earned $0.86 EPS. The company'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. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's 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.