Mondelez International, Inc. $MDLZ Position Increased by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Mondelez International by 66.7% during the first quarter, acquiring an additional 96,000 shares valued at approximately $16.28 million.
• Mondelez reported a 7.7% year-over-year increase in revenue for the quarter, totaling $8.98 billion, with earnings per share of $0.73, surpassing analyst expectations.
• The company has declared a quarterly dividend increase to $0.50 per share, reflecting a dividend yield of 3.2% and a payout ratio of 68.86%.

Ilmarinen Mutual Pension Insurance Co raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 66.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 240,000 shares of the company's stock after purchasing an additional 96,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Mondelez International were worth $16,284,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the first quarter valued at $26,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 acquiring an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new stake in Mondelez International during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MDLZ shares. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Piper Sandler upped their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. UBS Group reduced their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Trading Down 0.1%

Shares of Mondelez International stock traded down $0.07 during trading hours on Friday, reaching $61.98. The stock had a trading volume of 4,853,461 shares, compared to its average volume of 6,212,178. The firm has a 50 day simple moving average of $64.50 and a two-hundred day simple moving average of $65.82. The firm has a market capitalization of $80.20 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.98.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business 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 $0.50 dividend. 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 payout ratio is 73.26%.

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.