Mondelez International, Inc. $MDLZ Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its holdings in Mondelez International by 0.2%, now owning approximately 1.25% of the company, which is valued at about $1.1 billion.
• Mondelez International reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' expectations of $0.68, with revenues reaching $8.98 billion.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50 per share, signifying a 3.2% dividend yield for shareholders.

Northern Trust Corp trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,225,125 shares of the company's stock after selling 27,781 shares during the period. Northern Trust Corp owned about 1.25% of Mondelez International worth $1,100,875,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDLZ. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. grew its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $189,930,000. Deutsche Bank AG grew its holdings in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after acquiring an additional 1,775,570 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.23 during trading hours on Thursday, reaching $62.94. 5,638,443 shares of the company traded hands, compared to its average volume of 8,958,048. The firm's 50-day moving average is $66.51 and its 200-day moving average is $65.66. The stock has a market cap of $81.44 billion, a P/E ratio of 23.05, a P/E/G ratio of 4.73 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

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 analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

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.