KLP Kapitalforvaltning AS Has $37.11 Million Stock Holdings in Mondelez International, Inc. $MDLZ

KLP Kapitalforvaltning AS lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,004 shares of the company's stock after buying an additional 29,300 shares during the period. KLP Kapitalforvaltning AS's holdings in Mondelez International were worth $37,108,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 90.1% during the 1st 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 last quarter. Nuveen LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. lifted its stake in Mondelez International by 57.6% in 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 last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Mondelez International in the 1st quarter valued at about $189,930,000. Finally, Natixis Advisors LLC lifted its stake in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after purchasing an additional 1,775,570 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MDLZ shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Berenberg Bank downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. UBS Group cut their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Morgan Stanley cut their target price on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $71.75.

Mondelez International Trading Up 1.3%

Shares of MDLZ stock opened at $62.60 on Wednesday. The firm has a 50 day moving average price of $62.48 and a two-hundred day moving average price of $65.53. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $81.00 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 4.68 and a beta of 0.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 73.26%.

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.

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