Mondelez International, Inc. $MDLZ Shares Acquired by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Mondelez International by 14.6% in Q1, acquiring a total of 1,556,035 shares valued at approximately $105.6 million.
• Several institutional investors, including Price T Rowe Associates and Goldman Sachs Group, have significantly boosted their positions in Mondelez, with the company now 78.32% owned by such investors.
• Mondelez International announced a quarterly dividend increase from $0.47 to $0.50 per share, representing an annualized yield of 3.2% and a payout ratio of 68.86%.

Alliancebernstein L.P. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,556,035 shares of the company's stock after buying an additional 198,270 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of Mondelez International worth $105,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying 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% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock worth $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. boosted 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 buying an additional 3,454,174 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mondelez International by 0.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,925,129 shares of the company's stock worth $533,098,000 after buying an additional 46,658 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. JPMorgan Chase & Co. began coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Piper Sandler upped their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein upped their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.74 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a fifty day moving average of $65.16 and a 200-day moving average of $65.88. The company has a market capitalization of $79.89 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 4.61 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating 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 company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company'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. As a group, equities analysts anticipate 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. Stockholders 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 dividend yield of 3.2%. Mondelez International's payout ratio is currently 68.86%.

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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