First Financial Bankshares Inc Cuts Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• First Financial Bankshares Inc reduced its stake in Mondelez International by 6.4%, holding 1,135,133 shares valued at approximately $77 million as of the last quarter.
• Several institutional investors, including Price T Rowe Associates Inc. and Goldman Sachs Group Inc., significantly increased their holdings in Mondelez, reflecting a strong institutional interest in the company with 78.32% of its stock owned by these investors.
• Mondelez recently declared an increase in its quarterly dividend to $0.50 per share, marking a rise from the previous dividend of $0.47, which indicates a strong commitment to returning value to shareholders.

First Financial Bankshares Inc lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,135,133 shares of the company's stock after selling 78,128 shares during the period. Mondelez International comprises 1.7% of First Financial Bankshares Inc's investment portfolio, making the stock its 16th biggest holding. First Financial Bankshares Inc owned about 0.09% of Mondelez International worth $77,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD raised its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Nuveen LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $866,843,000. Finally, Invesco Ltd. grew its stake in Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after acquiring an additional 137,604 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.49 during trading hours on Wednesday, reaching $61.30. The stock had a trading volume of 10,566,617 shares, compared to its average volume of 6,648,016. 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 business's fifty day moving average is $65.42 and its two-hundred day moving average is $65.88. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $79.32 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 4.65 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results 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. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter last year, the business earned $0.86 earnings per share. The firm's quarterly 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. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS 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 is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 68.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler raised their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.00.

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.