Prospector Partners LLC Sells 76,405 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Prospector Partners LLC reduced its holdings in Mondelez International by 33.3%, selling 76,405 shares and leaving them with a total of 152,740 shares valued at approximately $10.36 million.
• Mondelez recently reported $0.73 EPS for the quarter, surpassing estimates, and experienced a 7.7% year-over-year revenue increase to $8.98 billion.
• The company plans to pay a $0.50 quarterly dividend on October 14th, indicating a positive change from the previous $0.47 dividend and reflecting a 3.2% dividend yield.

Prospector Partners LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,740 shares of the company's stock after selling 76,405 shares during the period. Prospector Partners LLC's holdings in Mondelez International were worth $10,363,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Hemington Wealth Management lifted its holdings in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after purchasing an additional 156 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares during the last quarter. Sage Private Wealth Group LLC raised its position in shares of Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after buying an additional 175 shares during the last quarter. Finally, Verus Financial Partners Inc. raised its position in shares of Mondelez International by 3.7% during the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after buying an additional 179 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.7%

NASDAQ MDLZ traded up $0.47 on Friday, hitting $63.41. 6,390,515 shares of the stock were exchanged, compared to its average volume of 8,941,951. 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 fifty day moving average price of $66.41 and a two-hundred day moving average price of $65.70. The firm has a market capitalization of $82.05 billion, a P/E ratio of 23.23, a P/E/G ratio of 4.77 and a beta of 0.46. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's payout ratio is presently 68.86%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDLZ. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. UBS Group reduced their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus price target 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.