Mondelez International, Inc. $MDLZ Position Lessened by Sumitomo Mitsui Financial Group Inc.

Key Points

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Sumitomo Mitsui Financial Group Inc. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 43.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,927 shares of the company's stock after selling 8,431 shares during the quarter. Sumitomo Mitsui Financial Group Inc.'s holdings in Mondelez International were worth $741,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Hemington Wealth Management lifted its position in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after purchasing an additional 156 shares during the period. Checchi Capital Advisers LLC lifted its position in Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC lifted its position in Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares during the period. Sage Private Wealth Group LLC lifted its position in Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. lifted its position in Mondelez International by 3.7% in the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. UBS Group cut their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.23 on Thursday, reaching $62.94. 5,638,443 shares of the company traded hands, compared to its average volume of 8,330,533. The company's 50 day moving average is $66.41 and its 200-day moving average is $65.70. The stock has a market capitalization of $81.44 billion, a PE ratio of 23.05, a P/E/G ratio of 4.77 and a beta of 0.46. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 15.35% and a net margin of 9.84%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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 issued a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is currently 68.86%.

Mondelez International 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.