Lansforsakringar Fondforvaltning AB publ Cuts Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Mondelez International, holding approximately $29.40 million in stock after selling 11,519 shares, resulting in a total of 433,253 shares.
• Mondelez International announced an increase in its quarterly dividend to $0.50 per share, with a scheduled payment date of October 14th, representing a 3.3% dividend yield.
• Analysts have generally positive views on Mondelez, with a consensus rating of "Moderate Buy" and a price target averaging around $72.00, following various upgrades from key research firms.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,253 shares of the company's stock after selling 11,519 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Mondelez International were worth $29,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its stake in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC raised its holdings in Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after buying an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after buying an additional 8,544 shares during the period. TCW Group Inc. lifted its position in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after buying an additional 1,075 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.3%

Shares of NASDAQ MDLZ traded up $0.16 during trading hours on Monday, reaching $61.44. The stock had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. 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 has a market cap of $79.50 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. The business's fifty day moving average price is $65.82 and its two-hundred day moving average price is $65.93. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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 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 company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the business posted $0.86 EPS. Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 EPS 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. 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. Mondelez International's payout ratio is currently 73.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective on the stock. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.00.

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.