Guggenheim Capital LLC Has $56.96 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Guggenheim Capital LLC has reduced its stake in Mondelez International by 10.6% in the first quarter, now holding approximately 0.06% of the company's shares, valued at $56.96 million.
• Mondelez International will pay a quarterly dividend of $0.50 per share, up from the previous $0.47, representing a 3.2% yield.
• The company recently reported earnings that exceeded analyst expectations, with a net revenue increase of 7.7% year-over-year and earnings per share of $0.73.

Guggenheim Capital LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 839,448 shares of the company's stock after selling 99,969 shares during the period. Guggenheim Capital LLC owned approximately 0.06% of Mondelez International worth $56,957,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDLZ. Quadcap Wealth Management LLC lifted its holdings in Mondelez International by 11.7% during the first quarter. Quadcap Wealth Management LLC now owns 9,810 shares of the company's stock worth $666,000 after acquiring an additional 1,031 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in Mondelez International by 20.5% during the first quarter. Samalin Investment Counsel LLC now owns 7,682 shares of the company's stock worth $521,000 after acquiring an additional 1,305 shares in the last quarter. Ceredex Value Advisors LLC lifted its holdings in Mondelez International by 8.7% during the first quarter. Ceredex Value Advisors LLC now owns 743,723 shares of the company's stock worth $50,462,000 after acquiring an additional 59,482 shares in the last quarter. WealthTrust Axiom LLC bought a new position in Mondelez International during the first quarter worth about $207,000. Finally, ICONIQ Capital LLC bought a new position in Mondelez International during the first quarter worth about $289,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MDLZ shares. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. UBS Group cut their price target 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, JPMorgan Chase & Co. assumed coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Up 0.3%

MDLZ traded up $0.16 on Friday, hitting $61.44. 5,866,833 shares of the company were exchanged, compared to its average volume of 7,301,783. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market cap of $79.50 billion, a PE ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock's fifty day moving average is $65.82 and its 200-day moving average is $65.90.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results 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 business 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%.Mondelez International's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. 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 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.