Nissay Asset Management Corp Japan ADV Buys 24,085 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Mondelez International by 8.0% during Q1, now holding shares worth approximately $21.94 million.
• Multiple hedge funds have also significantly raised their stakes in Mondelez International, with Price T Rowe Associates Inc. MD increasing holdings by 90.1% in the same quarter.
• The company recently announced a quarterly dividend increase from $0.47 to $0.50 per share, representing an annualized yield of 3.3%.

Nissay Asset Management Corp Japan ADV grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,302 shares of the company's stock after buying an additional 24,085 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Mondelez International were worth $21,936,000 as of its most recent filing with the Securities and Exchange Commission.

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

Mondelez International Stock Up 1.4%

Mondelez International stock traded up $0.84 during mid-day trading on Friday, reaching $61.74. The stock had a trading volume of 6,149,476 shares, compared to its average volume of 6,640,979. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock's 50-day simple moving average is $65.16 and its 200-day simple moving average is $65.93. The firm has a market capitalization of $79.89 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 4.67 and a beta of 0.44.

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 return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MDLZ shares. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. started coverage on Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. UBS Group decreased their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Barclays raised their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Fourteen equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.