Nippon Life Global Investors Americas Inc. Raises Position in Mondelez International, Inc. $MDLZ

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Mondelez International by 7.4%, owning 124,580 shares worth $8,505,000 as of the latest SEC filing.
• Mondelez International is experiencing positive analyst sentiment, with fourteen analysts$72.00.
• The company announced a quarterly dividend increase to $0.50 per share, representing a 3.3% yield, which is an increase from the previous dividend of $0.47.

Nippon Life Global Investors Americas Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 124,580 shares of the company's stock after purchasing an additional 8,630 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Mondelez International were worth $8,505,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new position in Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.20 during trading on Monday, hitting $61.94. The stock had a trading volume of 6,539,604 shares, compared to its average volume of 6,640,979. The firm has a market cap of $80.15 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 4.67 and a beta of 0.44. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business's 50-day moving average is $65.05 and its 200 day moving average is $65.91. 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 posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. 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 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Fourteen research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.