Northwestern Mutual Wealth Management Co. Decreases Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Northwestern Mutual Wealth Management Co. reduced its shareholding in Mondelez International, selling 5,832 shares and lowering its stake by 5.6% in the first quarter, bringing its total holdings to 98,497 shares valued at approximately $6.68 million.
• Mondelez International reported an EPS of $0.73 for the latest quarter, exceeding analysts' estimates of $0.68, while revenues increased 7.7% year-over-year.
• The company has announced an increase in its quarterly dividend from $0.47 to $0.50 per share, representing a 3.2% yield based on a $2.00 annualized dividend.

Northwestern Mutual Wealth Management Co. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,497 shares of the company's stock after selling 5,832 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Mondelez International were worth $6,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Mondelez International in the first quarter worth approximately $866,843,000. Goldman Sachs Group Inc. raised its stake in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Mondelez International in the first quarter worth approximately $189,930,000. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.16 during trading hours on Monday, reaching $61.44. The stock had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a 50 day simple moving average of $65.82 and a 200 day simple moving average of $65.93. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market cap of $79.50 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.44.

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, topping 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 business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the business posted $0.86 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. 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 yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 73.26%.

Wall Street Analyst Weigh In

Several analysts have 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. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.