Panagora Asset Management Inc. Reduces Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Panagora Asset Management Inc. has reduced its stake in Mondelez International by 25.3%, selling 224,229 shares and holding approximately 662,364 shares post-sale.
• Mondelez International's stock has seen a slight increase of 0.3% recently, with the company reporting a $0.73 EPS for the last quarter, surpassing analysts' expectations.
• The company has announced a quarterly dividend payment of $0.50 per share, reflecting a positive change from its previous dividend and demonstrating a current yield of 3.3%.

Panagora Asset Management Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 662,364 shares of the company's stock after selling 224,229 shares during the period. Panagora Asset Management Inc. owned about 0.05% of Mondelez International worth $44,941,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares in the last quarter. Finally, North Capital Inc. bought a new position in shares of Mondelez International in the first quarter valued at approximately $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

MDLZ traded down $0.29 during trading on Thursday, reaching $61.01. The stock had a trading volume of 2,768,324 shares, compared to its average volume of 8,843,479. The stock has a market cap of $78.94 billion, a PE ratio of 22.34, a PEG ratio of 4.65 and a beta of 0.44. 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 one year low of $53.95 and a one year high of $76.06. The business has a 50-day moving average of $65.42 and a 200-day moving average of $65.88.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The business 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%.The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase 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 73.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MDLZ shares. Sanford C. Bernstein increased their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. JPMorgan Chase & Co. started 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. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock 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.