Mondelez International, Inc. $MDLZ Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Mondelez International by 76.9%, selling over 1.4 million shares and holding approximately 422,078 shares worth $28.6 million post-sale.
• Mondelez International recently announced a quarterly dividend increase from $0.47 to $0.50 per share, with a dividend yield of 3.2%.
• Analysts have issued favorable ratings for Mondelez, with a consensus price target of $72.00, indicating strong future growth prospects for the company.

Voya Investment Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 76.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,078 shares of the company's stock after selling 1,402,137 shares during the period. Voya Investment Management LLC's holdings in Mondelez International were worth $28,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in Mondelez International in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.1%

Shares of Mondelez International stock opened at $61.98 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.98. The firm has a market cap of $80.20 billion, a PE ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. The business's fifty day moving average is $64.50 and its two-hundred day moving average is $65.83. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 given 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 3.2%. Mondelez International's dividend payout ratio is 73.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDLZ. 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 note on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price on the stock. Sanford C. Bernstein upped their target price on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

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.

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