MAI Capital Management Has $22.14 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• MAI Capital Management reduced its stake in Mondelez International by 2.1%, now holding shares worth $22.14 million after selling 7,112 shares during the first quarter.
• Mondelez International announced an increase in its quarterly dividend from $0.47 to $0.50, resulting in an annualized dividend yield of 3.3% for shareholders.
• Analysts have a consensus rating of "Moderate Buy" for Mondelez International, with an average target price of $72.00, reflecting recent upgrades from several equity analysts.

MAI Capital Management decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 326,299 shares of the company's stock after selling 7,112 shares during the quarter. MAI Capital Management's holdings in Mondelez International were worth $22,139,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares during the period. Deutsche Bank AG lifted its position in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Nuveen LLC purchased a new position in Mondelez International in the 1st quarter valued at about $866,843,000. Finally, Invesco Ltd. increased its holdings in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock worth $851,327,000 after purchasing an additional 137,604 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays boosted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. UBS Group decreased their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Stifel Nicolaus raised their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Trading Down 0.8%

Shares of NASDAQ MDLZ traded down $0.49 during mid-day trading on Wednesday, hitting $61.30. The company's stock had a trading volume of 10,566,617 shares, compared to its average volume of 6,648,016. The company's fifty day simple moving average is $65.54 and its 200-day simple moving average is $65.91. The stock has a market cap of $79.32 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 4.65 and a beta of 0.44. Mondelez International, Inc. has a one year low of $53.95 and a one year 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the business earned $0.86 EPS. Mondelez International's revenue for the quarter 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. On average, sell-side analysts anticipate 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 68.86%.

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.