Meyer Handelman Co. Has $10.84 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Meyer Handelman Co. reduced its stake in Mondelez International by 11.0%, holding $10.84 million worth of shares after selling 19,900 shares in Q2.
• Mondelez International reported $0.73 EPS for the quarter, exceeding analysts' estimates of $0.68, with a quarterly revenue of $8.98 billion.
• The company has increased its quarterly dividend to $0.50 per share, representing an annualized yield of 3.2%, up from $0.47 previously.

Meyer Handelman Co. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,785 shares of the company's stock after selling 19,900 shares during the period. Meyer Handelman Co.'s holdings in Mondelez International were worth $10,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $866,843,000. Invesco Ltd. boosted its position in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after acquiring an additional 137,604 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company's stock worth $417,090,000 after acquiring an additional 89,362 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 2.8%

Shares of MDLZ opened at $62.56 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $63.67 and a two-hundred day moving average price of $65.66. The stock has a market cap of $80.95 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 4.87 and a beta of 0.44. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.11.

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 analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded 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. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group reduced their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Finally, Wells Fargo & Company lowered their price objective on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.79.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.