Groupama Asset Managment Has $1.97 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• Groupama Asset Management significantly reduced its stake in Mondelez International by 48.3%, holding 29,016 shares valued at approximately $1.97 million after the sell-off.
$0.50 per share, representing an annualized dividend yield of 3.2%, with the ex-dividend date set for September 30th.
• Analysts have a Moderate Buy consensus rating for Mondelez, with an average price target of $71.95, following several recent upgrades from major financial institutions.

Groupama Asset Managment reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 48.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,016 shares of the company's stock after selling 27,087 shares during the period. Groupama Asset Managment's holdings in Mondelez International were worth $1,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Abound Financial LLC acquired a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter valued at approximately $26,000. Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $62.66 on Wednesday. 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 stock's 50 day moving average price is $66.59 and its two-hundred day moving average price is $65.68. The firm has a market capitalization of $81.08 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 4.67 and a beta of 0.46. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.98 billion for 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%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

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

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.

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