Ieq Capital LLC Sells 36,094 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Ieq Capital LLC decreased its holdings in Mondelez International by 36.2% in Q1, selling 36,094 shares and maintaining 63,709 shares worth approximately $4.3 million.
• Recent analyst ratings have generally been positive, with multiple firms raising their price targets for Mondelez International, including Wells Fargo, which increased its target from $68 to $78.
• Mondelez International announced a quarterly dividend of $0.50 per share, up from the previous $0.47, indicating a strong commitment to returning value to shareholders.

Ieq Capital LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,709 shares of the company's stock after selling 36,094 shares during the period. Ieq Capital LLC's holdings in Mondelez International were worth $4,323,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in Mondelez International during the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. increased its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International during the 1st quarter valued at about $189,930,000. Finally, Deutsche Bank AG grew its holdings in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Piper Sandler upped their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. UBS Group reduced their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Finally, Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Stock Up 0.3%

MDLZ stock traded up $0.16 during midday trading on Monday, hitting $61.44. The company's stock had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. The company has a market cap of $79.50 billion, a PE ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.39 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.

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 business 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%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share 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. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. 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 annualized dividend and a yield of 3.3%. 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.