Fifth Third Bancorp Has $22.78 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• Fifth Third Bancorp reduced its holdings in Mondelez International by 3.1%, now owning 337,848 shares valued at approximately $22.78 million.
• Mondelez International's dividend has increased from $0.47 to $0.50 per share, yielding 3.1%, with the next payment set for October 14th.
• The company reported a Q2 EPS of $0.73, surpassing estimates, alongside a revenue increase of 7.7% year-over-year to $8.98 billion.

Fifth Third Bancorp lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,848 shares of the company's stock after selling 10,958 shares during the quarter. Fifth Third Bancorp's holdings in Mondelez International were worth $22,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Abound Financial LLC acquired a new stake in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. acquired a new position in Mondelez International during the first quarter worth $31,000. Finally, Saudi Central Bank bought a new position in shares of Mondelez International during the first quarter valued at $36,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $64.39 on Thursday. The company has a 50 day moving average price of $63.82 and a 200 day moving average price of $65.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market capitalization of $83.32 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 4.83 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The company 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. 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 is currently 68.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDLZ shares. UBS Group lowered their target price 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. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Fourteen 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, the stock presently has a consensus 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.

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