MetLife Investment Management LLC Has $22.85 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• MetLife Investment Management LLC reduced its stake in Mondelez International by 4.9%, holding approximately $22.85 million in the company after selling 17,175 shares during the first quarter.
• Mondelez International announced a quarterly dividend of $0.50 per share, representing a 3.2% yield, an increase from its previous dividend of $0.47.
• Major investment firms, such as Wells Fargo and Stifel Nicolaus, have recently upgraded their ratings on Mondelez International, reflecting a consensus rating of "Moderate Buy" among analysts.

MetLife Investment Management LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,793 shares of the company's stock after selling 17,175 shares during the quarter. MetLife Investment Management LLC's holdings in Mondelez International were worth $22,851,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. lifted its position in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International during the first quarter worth about $189,930,000. Finally, Deutsche Bank AG grew its stake in Mondelez International by 17.1% in 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. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.48 during midday trading on Thursday, hitting $61.28. 7,242,377 shares of the stock were exchanged, compared to its average volume of 8,895,030. The business has a 50-day moving average price of $66.06 and a two-hundred day moving average price of $65.84. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market capitalization of $79.29 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 4.69 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International's 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. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current 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%. 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 presently 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Barclays upped their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

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.