Mondelez International, Inc. $MDLZ Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Mondelez International by 52.9%, acquiring an additional 99,692 shares in the 2nd quarter, bringing its total holdings to 287,986 shares valued at approximately $19.42 million.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, reflecting an increase from its previous dividend of $0.47, with a dividend yield of 3.2%.
• The consensus rating for Mondelez International is currently "Moderate Buy" among analysts, with a projected average price target of $72.00 per share.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 52.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,986 shares of the company's stock after purchasing an additional 99,692 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Mondelez International were worth $19,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after acquiring an additional 1,013 shares during the last quarter. Canopy Partners LLC increased its position in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after acquiring an additional 2,876 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after buying an additional 8,544 shares during the last quarter. TCW Group Inc. raised its stake in shares of Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after buying an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after buying an additional 4,002 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.7%

Shares of NASDAQ MDLZ traded up $0.46 during mid-day trading on Friday, reaching $63.71. The company had a trading volume of 17,133,815 shares, compared to its average volume of 6,425,033. 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 firm has a 50 day simple moving average of $64.02 and a two-hundred day simple moving average of $65.76. The stock has a market cap of $82.44 billion, a P/E ratio of 23.34, a PEG ratio of 4.82 and a beta of 0.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.49.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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 firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm 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 3.1%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is 68.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Stifel Nicolaus raised their target price 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. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Barclays lifted their price objective on shares of 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, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

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.