Mondelez International, Inc. $MDLZ Shares Sold by Douglass Winthrop Advisors LLC

Key Points

• Douglass Winthrop Advisors LLC has reduced its holdings in Mondelez International, Inc. by 30.4%, now owning 10,819 shares valued at approximately $734,000.
• Mondelez reported earnings of $0.73 per share for the last quarter, exceeding estimates and reflecting a 7.7% increase in year-over-year revenue.
• The company recently announced a dividend increase to $0.50 per share, representing a 3.2% yield and a payout ratio of 68.86%.

Douglass Winthrop Advisors LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,819 shares of the company's stock after selling 4,736 shares during the period. Douglass Winthrop Advisors LLC's holdings in Mondelez International were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Leslie Global Wealth LLC acquired a new position in Mondelez International in the 1st quarter worth about $221,000. Compound Planning Inc. increased its position in shares of Mondelez International by 68.4% in the first quarter. Compound Planning Inc. now owns 9,724 shares of the company's stock valued at $660,000 after buying an additional 3,950 shares in the last quarter. Norinchukin Bank The increased its position in shares of Mondelez International by 40.3% in the first quarter. Norinchukin Bank The now owns 99,297 shares of the company's stock valued at $6,737,000 after buying an additional 28,521 shares in the last quarter. CW Advisors LLC increased its position in shares of Mondelez International by 32.8% in the first quarter. CW Advisors LLC now owns 183,400 shares of the company's stock valued at $12,433,000 after buying an additional 45,310 shares in the last quarter. Finally, United Asset Strategies Inc. increased its position in shares of Mondelez International by 3.1% in the first quarter. United Asset Strategies Inc. now owns 15,308 shares of the company's stock valued at $1,039,000 after buying an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Piper Sandler boosted their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective for the company. Stifel Nicolaus boosted their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein lifted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.09 on Tuesday, hitting $62.05. 8,456,946 shares of the company were exchanged, compared to its average volume of 8,301,013. The stock has a market capitalization of $80.29 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 4.68 and a beta of 0.46. The company has a 50-day moving average price of $66.15 and a 200 day moving average price of $65.86. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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 earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, sell-side analysts predict 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. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is currently 68.86%.

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.