Federation des caisses Desjardins du Quebec Has $11.90 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Mondelez International by 53.2%, holding $11.90 million worth of shares after selling 199,502 shares in the first quarter.
• Mondelez International reported quarterly earnings of $0.73 per share, exceeding estimates of $0.68, with revenue of $8.98 billion, a 7.7% increase year-over-year.
• The company announced an increase in its quarterly dividend to $0.50 per share, indicating a healthy dividend yield of 3.2% for its shareholders.

Federation des caisses Desjardins du Quebec reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 53.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,336 shares of the company's stock after selling 199,502 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Mondelez International were worth $11,897,000 as of its most recent SEC filing.

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

Mondelez International Trading Up 1.4%

Shares of NASDAQ:MDLZ traded up $0.84 during mid-day trading on Friday, hitting $61.74. The stock had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. 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 company has a market cap of $79.89 billion, a PE ratio of 22.62, a P/E/G ratio of 4.61 and a beta of 0.44. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company's 50 day moving average is $65.16 and its 200-day moving average is $65.88.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its 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 net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company's revenue 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. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a 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%.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays upped their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen equities research 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. According to MarketBeat, Mondelez International presently 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.