Mondelez International, Inc. $MDLZ Shares Purchased by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in Mondelez International by 40.3%, owning 99,297 shares valued at approximately $6.74 million after acquiring an additional 28,521 shares in the first quarter.
• Several analysts have upgraded their ratings for Mondelez International, with 14 analysts rating it as a Buy and an average price target of $72.00.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, representing a 3.2% dividend yield, with the next payment date set for October 14th.

Norinchukin Bank The raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 40.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,297 shares of the company's stock after buying an additional 28,521 shares during the quarter. Norinchukin Bank The's holdings in Mondelez International were worth $6,737,000 at the end of the most recent quarter.

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

Mondelez International Stock Up 0.7%

NASDAQ:MDLZ traded up $0.47 during mid-day trading on Friday, hitting $63.41. The company had a trading volume of 6,390,624 shares, compared to its average volume of 8,407,607. The business has a fifty day simple moving average of $66.34 and a 200-day simple moving average of $65.87. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $82.05 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 4.79 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The firm's revenue 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. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share 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 issued a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. Sanford C. Bernstein upped their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus raised their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. 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 research note on Thursday, July 31st. Finally, Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Fourteen 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. According to MarketBeat.com, the stock 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.