Integrated Investment Consultants LLC Trims Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Integrated Investment Consultants LLC reduced its stake in Mondelez International by 74.1%, holding 3,247 shares worth $220,000 after selling 9,301 shares in Q1.
• Analysts have a consensus rating of "Moderate Buy" for Mondelez, with an average price target of $72.00, as several firms upgraded their ratings recently.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50 per share, representing a 3.2% yield.

Integrated Investment Consultants LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 74.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,247 shares of the company's stock after selling 9,301 shares during the quarter. Integrated Investment Consultants LLC's holdings in Mondelez International were worth $220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CW Advisors LLC increased its stake in Mondelez International by 32.8% during the first quarter. CW Advisors LLC now owns 183,400 shares of the company's stock worth $12,433,000 after acquiring an additional 45,310 shares during the last quarter. United Asset Strategies Inc. increased its stake in Mondelez International by 3.1% during the first quarter. United Asset Strategies Inc. now owns 15,308 shares of the company's stock worth $1,039,000 after acquiring an additional 457 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Mondelez International by 14.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 17,271 shares of the company's stock worth $1,172,000 after acquiring an additional 2,208 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Mondelez International by 36.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 13,071 shares of the company's stock worth $887,000 after acquiring an additional 3,484 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. 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 data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Up 0.8%

MDLZ opened at $63.17 on Thursday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market cap of $81.74 billion, a P/E ratio of 23.14, a P/E/G ratio of 4.73 and a beta of 0.46. The stock's 50 day moving average price is $66.51 and its 200 day moving average price is $65.66.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period last year, the firm earned $0.86 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 given 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 is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's 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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