BDF Gestion Sells 8,890 Shares of Mondelez International, Inc. $MDLZ

Key Points

• BDF Gestion reduced its holdings in Mondelez International by 9.8%, owning 81,592 shares valued at approximately $5.5 million after selling 8,890 shares.
• Mondelez International reported earnings of $0.73 per share, exceeding estimates, with quarterly revenue of $8.98 billion, marking a 7.7% increase year-over-year.
• The company announced a quarterly dividend increase to $0.50 per share, resulting in an annual yield of 3.1%, with a payout ratio of 68.86%.

BDF Gestion cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,592 shares of the company's stock after selling 8,890 shares during the period. BDF Gestion's holdings in Mondelez International were worth $5,503,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Abound Financial LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in Mondelez International in the first quarter worth $31,000. Finally, Orion Capital Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at about $30,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. 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. Barclays raised their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Stock Performance

MDLZ stock traded up $0.46 during trading on Friday, reaching $63.71. 17,133,815 shares of the company's stock were exchanged, compared to its average volume of 6,962,197. 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 firm has a market cap of $82.44 billion, a PE ratio of 23.34, a P/E/G ratio of 4.82 and a beta of 0.44. The company's fifty day moving average price is $64.02 and its 200-day moving average price is $65.75. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.49.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The business 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 period in the prior year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Mondelez International's payout ratio is 68.86%.

Mondelez International Company 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.