Mondelez International, Inc. $MDLZ Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in Mondelez International by 35.8%, selling 99,991 shares during the first quarter, leaving them with 179,298 shares valued at $12.16 million.
• Mondelez International reported $0.73 earnings per share, exceeding expectations and achieving a 7.7% increase in revenue year-over-year, totaling $8.98 billion for the quarter.
• The company recently declared a quarterly dividend of $0.50 per share, up from $0.47, with a 3.2% yield, demonstrating its commitment to returning value to shareholders.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,298 shares of the company's stock after selling 99,991 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Mondelez International were worth $12,156,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after buying an additional 1,013 shares in the last quarter. Canopy Partners LLC raised its stake in shares of Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock worth $1,140,000 after buying an additional 2,876 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after buying an additional 8,544 shares in the last quarter. TCW Group Inc. raised its stake in shares of Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after buying an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.66 on Wednesday. The stock has a fifty day moving average price of $66.59 and a 200 day moving average price of $65.68. The stock has a market cap of $81.08 billion, a PE ratio of 22.95, a P/E/G ratio of 4.67 and a beta of 0.46. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. 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 released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. 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 report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.95.

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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