Qtron Investments LLC Sells 4,994 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Qtron Investments LLC reduced its stake in Mondelez International by 27.3% during the first quarter, selling nearly 5,000 shares, leaving them with approximately 13,281 shares valued at around $901,000.
• Mondelez International reported a 7.7% increase in revenue year-over-year, totaling $8.98 billion for the quarter, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.50, marking an increase from the previous dividend of $0.47, representing an annualized yield of 3.2%.

Qtron Investments LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,281 shares of the company's stock after selling 4,994 shares during the quarter. Qtron Investments LLC's holdings in Mondelez International were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $31,000. Finally, Orion Capital Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $30,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MDLZ shares. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday. They set an "overweight" rating and a $75.00 target price on the stock. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Stock Down 0.4%

Shares of NASDAQ MDLZ traded down $0.23 during trading on Thursday, hitting $62.94. The stock had a trading volume of 5,638,443 shares, compared to its average volume of 8,330,533. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. 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 company has a market capitalization of $81.44 billion, a PE ratio of 23.05, a PEG ratio of 4.77 and a beta of 0.46. The firm has a fifty day moving average of $66.41 and a two-hundred day moving average of $65.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 68.86%.

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.