Jones Financial Companies Lllp Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Jones Financial Companies Lllp significantly reduced its holdings in Mondelez International by 49.0%, selling 198,097 shares, which left them with 206,430 shares valued at approximately $14 million.
• Numerous hedge funds altered their positions in Mondelez; for instance, Price T Rowe Associates increased their stake by 90.1% during the 1st quarter, now owning over 29 million shares worth nearly $2 billion.
• The company recently announced a dividend increase to $0.50 per share, up from $0.47, reflecting a solid dividend yield of 3.2% and a dividend payout ratio of 68.86%.

Jones Financial Companies Lllp reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 49.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,430 shares of the company's stock after selling 198,097 shares during the quarter. Jones Financial Companies Lllp's holdings in Mondelez International were worth $14,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hemington Wealth Management increased its holdings in Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after buying an additional 156 shares during the period. Checchi Capital Advisers LLC boosted its position in Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC boosted its position in Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares in the last quarter. Sage Private Wealth Group LLC boosted its position in Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after purchasing an additional 175 shares in the last quarter. Finally, Verus Financial Partners Inc. boosted its position in Mondelez International by 3.7% in the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after purchasing an additional 179 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler upped their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein upped 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. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. UBS Group lowered their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective on the stock. Fourteen 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. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

MDLZ stock traded down $0.22 during midday trading on Thursday, reaching $62.05. The stock had a trading volume of 6,422,137 shares, compared to its average volume of 8,781,391. The company's fifty day simple moving average is $64.78 and its 200 day simple moving average is $65.87. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $80.29 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 4.73 and a beta of 0.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.98.

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 the consensus estimate of $8.82 billion. During the same period last year, the company earned $0.86 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share 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. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a positive change 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 (DPR) 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.