OMERS ADMINISTRATION Corp Trims Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Mondelez International by 0.6%, selling 9,727 shares and now holding approximately 0.14% of the company worth $119 million.
• The stock received multiple analyst endorsements, with price targets raised and ratings upgraded, highlighting a consensus Moderate Buy status with a target price of $72.00.
• Mondelez has announced an increased quarterly dividend of $0.50 per share, reflecting a positive shift from the previous dividend of $0.47, and a dividend yield of 3.2%.

OMERS ADMINISTRATION Corp cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,754,218 shares of the company's stock after selling 9,727 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.14% of Mondelez International worth $119,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD grew its stake in 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 in the last quarter. Nuveen LLC bought a new position in Mondelez International in the first quarter worth approximately $866,843,000. Goldman Sachs Group Inc. grew its stake in 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 in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International in the first quarter worth approximately $189,930,000. Finally, Deutsche Bank AG grew its stake in 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 in the last quarter. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price on the stock. Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Fourteen 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.com, the company has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Stock Up 0.3%

Shares of MDLZ traded up $0.16 during midday trading on Monday, hitting $61.44. 5,866,833 shares of the company's stock traded hands, compared to its average volume of 7,062,599. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm's fifty day moving average is $65.82 and its 200-day moving average is $65.93. 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 market capitalization of $79.50 billion, a price-to-earnings 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.82 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business'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. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is 73.26%.

Mondelez International Company 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.