DoubleLine ETF Adviser LP Has $3.74 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• DoubleLine ETF Adviser LP reduced its stake in Mondelez International by 7.9%, bringing its total shares owned to 55,110, making it the 22nd largest holding in their portfolio.
• Mondelez International announced an increase in its quarterly dividend from $0.47 to $0.50 per share, set to be paid on October 14th, representing an annual yield of 3.3%.
• The company reported $0.73 EPS for the recent quarter, exceeding expectations, and has set a fiscal year 2025 guidance of 3.100 EPS.

DoubleLine ETF Adviser LP decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,110 shares of the company's stock after selling 4,701 shares during the period. Mondelez International accounts for 1.2% of DoubleLine ETF Adviser LP's investment portfolio, making the stock its 22nd biggest holding. DoubleLine ETF Adviser LP's holdings in Mondelez International were worth $3,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new position in Mondelez International during the 1st quarter worth $866,843,000. Goldman Sachs Group Inc. lifted its position in Mondelez International by 57.6% during 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 last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the 1st quarter worth $189,930,000. Finally, Deutsche Bank AG lifted its position in Mondelez International by 17.1% during 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 last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.84 during midday trading on Friday, reaching $61.74. The stock had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. The firm has a 50 day simple moving average of $65.16 and a 200-day simple moving average of $65.91. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $79.89 billion, a PE ratio of 22.62, a P/E/G ratio of 4.67 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date 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 is 68.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDLZ. Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price on the stock. Finally, UBS Group cut their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price 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.