Erste Asset Management GmbH Increases Stake in Mondelez International, Inc. $MDLZ

Key Points

• Erste Asset Management GmbH raised its holdings in Mondelez International by 241% during the first quarter, acquiring a total of 145,646 shares valued at approximately $9.86 million.
• Mondelez International reported a 7.7% year-over-year increase in revenue with earnings of $0.73 per share, surpassing analysts' expectations.
• The company announced a quarterly dividend increase to $0.50, reflecting a 3.2% yield, with the payment scheduled for October 14th.

Erste Asset Management GmbH grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 241.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,646 shares of the company's stock after acquiring an additional 102,933 shares during the quarter. Erste Asset Management GmbH's holdings in Mondelez International were worth $9,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 worth $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter worth $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.7%

NASDAQ MDLZ traded up $0.47 during trading on Friday, hitting $63.41. The stock had a trading volume of 6,390,624 shares, compared to its average volume of 8,314,123. The company has a market capitalization of $82.05 billion, a PE ratio of 23.23, a PEG ratio of 4.79 and a beta of 0.46. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $66.34 and a 200 day moving average price of $65.81. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Mondelez International in a report on Wednesday. They set an "overweight" rating and a $75.00 price target for the company. Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Barclays increased their price target 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 upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, UBS Group dropped their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

About Mondelez International

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.