ICONIQ Capital LLC Makes New Investment in Mondelez International, Inc. $MDLZ

Key Points

• ICONIQ Capital LLC has invested approximately $289,000 in Mondelez International, acquiring 4,263 shares during the first quarter.
• Mondelez recently declared an increased quarterly dividend of $0.50 per share, up from $0.47, reflecting a yield of 3.2% and a payout ratio of 68.86%.
• Several analysts have raised their price targets for Mondelez, with estimates reaching as high as $88.00, while the consensus average target price stands at $72.00.

ICONIQ Capital LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,263 shares of the company's stock, valued at approximately $289,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares during the period. Northern Trust Corp increased its stake in shares of Mondelez International by 6.8% during the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock worth $970,786,000 after purchasing an additional 1,035,184 shares during the last quarter. Deutsche Bank AG lifted its stake in Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. Finally, Nuveen LLC bought a new position in Mondelez International during the first quarter worth about $866,843,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Morgan Stanley lifted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Barclays raised their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.96 on Tuesday. The business has a fifty day moving average price of $66.23 and a two-hundred day moving average price of $65.89. The stock has a market capitalization of $80.17 billion, a PE ratio of 22.70, a P/E/G ratio of 4.79 and a beta of 0.46. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 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 last year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share 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. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. 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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