Epoch Investment Partners Inc. Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Mondelez International by 4.4%, owning approximately 889,988 shares valued at $60.4 million after selling 41,138 shares in the first quarter.
• Several institutional investors have recently increased or initiated positions in Mondelez, with 78.32% of the company's stock owned by institutional investors.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, raising its annualized dividend to $2.00, resulting in a dividend yield of 3.2%.

Epoch Investment Partners Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 889,988 shares of the company's stock after selling 41,138 shares during the period. Epoch Investment Partners Inc. owned approximately 0.07% of Mondelez International worth $60,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in shares of Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the 1st quarter valued at $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares in the last quarter. Finally, North Capital Inc. purchased a new position in Mondelez International in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDLZ. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, UBS Group cut their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.05 on Wednesday. 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 company 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. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business has a 50 day simple moving average of $66.15 and a 200-day simple moving average of $65.86.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $8.82 billion. During the same period last year, the business posted $0.86 earnings per share. The firm'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 expect 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. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost 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.

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