First Manhattan CO. LLC. Has $163.75 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• First Manhattan CO. LLC. increased its stake in Mondelez International by 0.6%, acquiring an additional 13,330 shares, bringing its total to 2,396,937 shares valued at approximately $163.75 million.
• Several institutional investors, including Brighton Jones LLC and Ameriprise Financial Inc., have significantly raised their positions in Mondelez, indicating increased confidence in the company's stock.
• Mondelez International recently announced a quarterly dividend increase from $0.47 to $0.50 per share, reflecting a strong dividend payout ratio of 73.26% and a yield of 3.3%.

First Manhattan CO. LLC. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,396,937 shares of the company's stock after acquiring an additional 13,330 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.19% of Mondelez International worth $163,751,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the 1st quarter worth about $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 buying an additional 346 shares during the last quarter. Finally, North Capital Inc. bought a new position in shares of Mondelez International in the 1st quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MDLZ shares. Piper Sandler increased their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Sanford C. Bernstein increased their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective on the stock. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Price Performance

Shares of MDLZ traded down $0.49 during mid-day trading on Wednesday, hitting $61.30. The company's stock had a trading volume of 10,566,617 shares, compared to its average volume of 6,648,016. The firm has a 50-day moving average price of $65.42 and a 200 day moving average price of $65.88. The stock has a market capitalization of $79.32 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 4.65 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week 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, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm 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. The ex-dividend date of this dividend 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 presently 68.86%.

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.