Mondelez International, Inc. $MDLZ Stake Lowered by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Mondelez International by 27.7%, now holding 48,891 shares valued at approximately $3.3 million.
• Mondelez International's quarterly earnings report showed a profit of $0.73 EPS, surpassing estimates, with revenue of $8.98 billion, up 7.7% year-over-year.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50 per share, reflecting a dividend yield of 3.2%.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,891 shares of the company's stock after selling 18,757 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Mondelez International were worth $3,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in Mondelez International in the first quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in Mondelez International in the first quarter worth $36,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, September 26th. Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Morgan Stanley decreased their price target on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $71.75.

Mondelez International Stock Down 1.4%

MDLZ stock opened at $61.78 on Tuesday. 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 52-week low of $53.95 and a 52-week high of $72.70. The company has a 50-day moving average of $62.62 and a two-hundred day moving average of $65.55. The stock has a market capitalization of $79.94 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company 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 anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.