Van Hulzen Asset Management LLC Sells 19,096 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Van Hulzen Asset Management LLC reduced its stake in Mondelez International by 10.8%, selling 19,096 shares in the first quarter, bringing its holdings to 157,709 shares valued at approximately $10.7 million.
• Mondelez International recently reported earnings of $0.73 EPS for the quarter, beating estimates and showing a 7.7% increase in revenue compared to the previous year, at $8.98 billion.
• The company announced a quarterly dividend increase to $0.50 per share, representing a 3.2% yield, with the ex-dividend date set for September 30th.

Van Hulzen Asset Management LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,709 shares of the company's stock after selling 19,096 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Mondelez International were worth $10,701,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new stake in Mondelez International during the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter valued at $26,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. acquired a new position in Mondelez International during the 1st quarter valued at $31,000. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday. They set an "overweight" rating and a $75.00 target price for the company. Sanford C. Bernstein raised their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Barclays raised their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. 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. Finally, 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 report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

Shares of MDLZ traded up $0.47 during mid-day trading on Friday, reaching $63.41. The company had a trading volume of 6,390,624 shares, compared to its average volume of 8,407,607. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month 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. The company's 50-day moving average is $66.34 and its 200-day moving average is $65.87. The company has a market capitalization of $82.05 billion, a P/E ratio of 23.23, a P/E/G ratio of 4.79 and a beta of 0.46.

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. 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 firm posted $0.86 EPS. Mondelez International's quarterly 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. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm 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 dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. 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.