Signature Estate & Investment Advisors LLC Sells 26,019 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Signature Estate & Investment Advisors LLC reduced its stake in Mondelez International by 77.5% during the first quarter, selling 26,019 shares and now holding 7,550 shares valued at $512,000.
• Mondelez International announced a quarterly dividend of $0.50 per share, an increase from the previous dividend of $0.47, and this represents an annualized dividend yield of 3.2%.
• The company's quarterly earnings exceeded analysts' expectations, reporting $8.98 billion in revenue and $0.73 EPS, surpassing the estimated $0.68 EPS by $0.05.

Signature Estate & Investment Advisors LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 77.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,550 shares of the company's stock after selling 26,019 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Mondelez International were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CTC Alternative Strategies Ltd. bought a new stake in Mondelez International in the first quarter valued at approximately $1,018,000. Ashton Thomas Private Wealth LLC grew its position in shares of Mondelez International by 38.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 55,232 shares of the company's stock valued at $3,773,000 after purchasing an additional 15,385 shares during the last quarter. Kestra Investment Management LLC grew its position in shares of Mondelez International by 3,197.7% in the first quarter. Kestra Investment Management LLC now owns 1,418 shares of the company's stock valued at $96,000 after purchasing an additional 1,375 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Mondelez International by 0.3% in the first quarter. UniSuper Management Pty Ltd now owns 600,388 shares of the company's stock valued at $40,736,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its position in shares of Mondelez International by 15.0% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 32,776 shares of the company's stock valued at $2,224,000 after purchasing an additional 4,285 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. 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 on the stock. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, UBS Group decreased their target price 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. Fourteen 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. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.07 during trading hours on Friday, reaching $61.98. 4,853,461 shares of the company were exchanged, compared to its average volume of 6,212,178. The company has a market capitalization of $80.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a 50 day moving average of $64.50 and a 200 day moving average of $65.82.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share 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 the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 73.26%.

Mondelez International 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.