Mondelez International, Inc. $MDLZ Shares Sold by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC reduced its holdings in Mondelez International by 30.6% during the first quarter, now owning 277,076 shares valued at approximately $18.8 million.
• Price T Rowe Associates Inc. significantly boosted its stake by 90.1%, now holding 29 million shares worth around $1.97 billion, while several other institutional investors also increased their positions in Mondelez.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, representing a 3.2% dividend yield, with the ex-dividend date set for September 30th.

Gotham Asset Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 277,076 shares of the company's stock after selling 122,095 shares during the period. Gotham Asset Management LLC's holdings in Mondelez International were worth $18,800,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its stake in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after acquiring an additional 1,013 shares during the period. Canopy Partners LLC lifted its stake in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock worth $1,140,000 after acquiring an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the period. TCW Group Inc. lifted its stake in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after acquiring an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after acquiring an additional 4,002 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.3%

Shares of NASDAQ MDLZ traded up $0.20 during midday trading on Monday, reaching $61.94. 6,539,604 shares of the stock were exchanged, compared to its average volume of 6,640,979. The company has a market capitalization of $80.15 billion, a P/E ratio of 22.69, a P/E/G ratio of 4.67 and a beta of 0.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $65.05 and a 200-day moving average price of $65.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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 given a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is 68.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDLZ shares. Stifel Nicolaus raised their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International 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.