First Long Island Investors LLC Has $17.03 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• First Long Island Investors LLC reduced its stake in Mondelez International by 2.9%, now holding 250,982 shares valued at approximately $17.03 million.
• Several large institutional investors increased their positions in Mondelez International during the first quarter, with Price T Rowe Associates growing its stake by 90.1%.
• Mondelez International recently declared a quarterly dividend of $0.50, an increase from the previous $0.47, representing an annualized yield of 3.2%.

First Long Island Investors LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 250,982 shares of the company's stock after selling 7,504 shares during the quarter. Mondelez International comprises approximately 1.4% of First Long Island Investors LLC's investment portfolio, making the stock its 29th largest holding. First Long Island Investors LLC's holdings in Mondelez International were worth $17,029,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD grew its position in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. grew its position in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after buying an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $189,930,000. Finally, Natixis Advisors LLC grew its position in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after buying an additional 1,775,570 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MDLZ shares. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. JPMorgan Chase & Co. assumed coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price on the stock. Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. UBS Group cut their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their target price on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Trading Down 0.4%

NASDAQ MDLZ opened at $62.05 on Friday. The firm has a market capitalization of $80.29 billion, a P/E ratio of 22.73, a PEG ratio of 4.71 and a beta of 0.44. The business has a fifty day simple moving average of $64.64 and a 200 day simple moving average of $65.84. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.98. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 68.86%.

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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