Flputnam Investment Management Co. Cuts Position in Mondelez International, Inc. $MDLZ

Key Points

• Flputnam Investment Management Co. has reduced its stake in Mondelez International by 82.7%, leaving it with 23,538 shares valued at approximately $1.6 million.
• Mondelez International recently reported a quarterly EPS of $0.73, exceeding analyst expectations, with revenues of $8.98 billion, up 7.7% from the previous year.
• The company has increased its quarterly dividend to $0.50 per share, representing a 3.3% dividend yield and a higher payout compared to the previous quarter.

Flputnam Investment Management Co. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 82.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 23,538 shares of the company's stock after selling 112,896 shares during the period. Flputnam Investment Management Co.'s holdings in Mondelez International were worth $1,597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new position in Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the first quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 buying an additional 346 shares during the period. Finally, North Capital Inc. purchased a new position in Mondelez International in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.3%

MDLZ opened at $61.44 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average is $65.68 and its 200-day moving average is $65.94. The firm has a market capitalization of $79.50 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly 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. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates 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 firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts expect 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is presently 68.86%.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. 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. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective on the stock. 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 analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock 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.

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