Mondelez International, Inc. $MDLZ Stock Holdings Boosted by Credit Agricole S A

Key Points

• Credit Agricole S A increased its holdings in Mondelez International by 2.2%, now owning 419,055 shares worth approximately $28.43 million, as reported in their latest SEC filing.
• Mondelez International has recently posted impressive earnings, reporting $0.73 EPS for the quarter, exceeding analysts' expectations of $0.68, with a year-over-year revenue increase of 7.7%.
• The company announced a quarterly dividend increase from $0.47 to $0.50, reflecting a dividend yield of 3.2%, with the payment scheduled for October 14th.

Credit Agricole S A raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 419,055 shares of the company's stock after purchasing an additional 8,827 shares during the quarter. Credit Agricole S A's holdings in Mondelez International were worth $28,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its stake in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. Canopy Partners LLC boosted its stake in Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares in the last quarter. TCW Group Inc. boosted its stake in Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, UBS Group cut their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company 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 given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.66 on Wednesday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a fifty day moving average of $66.59 and a 200-day moving average of $65.68. The company has a market capitalization of $81.08 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 4.67 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its 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 analyst estimates 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 for the quarter was up 7.7% on a year-over-year basis. During the same quarter 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 analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. 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%. Mondelez International's dividend payout ratio is currently 68.86%.

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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