Korea Investment CORP Has $57.43 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Korea Investment CORP lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 846,492 shares of the company's stock after selling 145,205 shares during the period. Korea Investment CORP owned 0.07% of Mondelez International worth $57,434,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC raised its position in Mondelez International by 18.5% in the 1st quarter. Aptus Capital Advisors LLC now owns 48,862 shares of the company's stock worth $3,315,000 after purchasing an additional 7,642 shares during the last quarter. Aviso Financial Inc. raised its position in Mondelez International by 2.8% in the 1st quarter. Aviso Financial Inc. now owns 17,506 shares of the company's stock worth $1,188,000 after purchasing an additional 482 shares during the last quarter. Community Bank & Trust Waco Texas raised its position in Mondelez International by 0.6% in the 1st quarter. Community Bank & Trust Waco Texas now owns 40,154 shares of the company's stock worth $2,724,000 after purchasing an additional 250 shares during the last quarter. Granite Harbor Advisors Inc. bought a new position in Mondelez International in the 1st quarter worth approximately $211,000. Finally, Brooklyn Investment Group raised its position in Mondelez International by 31.8% in the 1st quarter. Brooklyn Investment Group now owns 11,231 shares of the company's stock worth $762,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. UBS Group dropped 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 report on Thursday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. 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 research report on Wednesday, July 30th. Finally, 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 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Trading Down 0.4%

Shares of MDLZ stock traded down $0.23 on Thursday, hitting $62.94. The stock had a trading volume of 5,638,443 shares, compared to its average volume of 8,330,533. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $81.44 billion, a P/E ratio of 23.05, a PEG ratio of 4.77 and a beta of 0.46. 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 company has a fifty day moving average price of $66.41 and a two-hundred day moving average price of $65.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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 yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 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.