LGT Fund Management Co Ltd. Reduces Stake in Mondelez International, Inc. $MDLZ

Key Points

• LGT Fund Management Co Ltd. has significantly reduced its stake in Mondelez International by 51.9%, now holding 34,579 shares valued at approximately $2.33 million.
• The company updated its quarterly dividend to $0.50, marking an increase from the previous $0.47, resulting in a 3.2% yield.
• Mondelez International reported earnings per share of $0.73 for the last quarter, exceeding analyst expectations and indicating a 7.7% revenue growth year-over-year.

LGT Fund Management Co Ltd. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 51.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,579 shares of the company's stock after selling 37,309 shares during the period. LGT Fund Management Co Ltd.'s holdings in Mondelez International were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MDLZ. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. bought a new position in Mondelez International in the 1st quarter worth $31,000. Finally, Saudi Central Bank bought a new position in Mondelez International in the 1st quarter worth $36,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Fourteen 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.80.

Mondelez International Trading Up 1.4%

Shares of MDLZ stock opened at $62.67 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. 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 stock's 50-day moving average price is $62.78 and its 200-day moving average price is $65.55. The stock has a market capitalization of $81.09 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 4.67 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results 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. 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 in the previous year, the firm posted $0.86 earnings per share. The business'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. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) 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.

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