Shell Asset Management Co. Has $1.89 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Shell Asset Management Co. increased its stake in Mondelez International by 283.9% during the 2nd quarter, bringing its total shares to 28,087 worth approximately $1.89 million.
• Institutional investors own 78.32% of Mondelez International, with several new positions being established by firms such as Abound Financial LLC and Saudi Central Bank.
• Mondelez International announced a quarterly dividend of $0.50 per share, a 6.4% increase from its previous dividend, reflecting a 3.2% dividend yield for shareholders.

Shell Asset Management Co. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 283.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,087 shares of the company's stock after purchasing an additional 20,770 shares during the quarter. Shell Asset Management Co.'s holdings in Mondelez International were worth $1,894,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% during the 1st 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. North Capital Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. Berenberg Bank lowered Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Barclays boosted their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.55.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.66 on Thursday. The stock has a fifty day moving average price of $62.41 and a 200-day moving average price of $65.50. The company has a market cap of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 4.74 and a beta of 0.45. 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 fifty-two week low of $53.95 and a fifty-two week high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 73.26%.

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.

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