Swedbank AB Decreases Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Swedbank AB has reduced its stake in Mondelez International by 13.0%, selling 122,073 shares to now hold approximately 816,004 shares valued at $55.36 million.
• Despite Swedbank's decrease, other investors like Price T. Rowe Associates and Goldman Sachs have increased their holdings significantly, with Price T. Rowe up by 90.1%.
• Mondelez International declared a quarterly dividend of $0.50, reflecting an increase from the previous quarter and resulting in an annualized yield of 3.2%.

Swedbank AB lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 816,004 shares of the company's stock after selling 122,073 shares during the period. Swedbank AB owned approximately 0.06% of Mondelez International worth $55,366,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in Mondelez International during the 1st quarter valued at about $866,843,000. Invesco Ltd. increased its holdings in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after purchasing an additional 137,604 shares during the period. Goldman Sachs Group Inc. increased its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Mondelez International by 0.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,925,129 shares of the company's stock valued at $533,098,000 after purchasing an additional 46,658 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.98 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business's 50 day moving average price is $64.50 and its 200-day moving average price is $65.82. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98. The stock has a market cap of $80.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MDLZ shares. UBS Group reduced their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price on the stock. 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 report on Thursday, July 17th. Finally, Piper Sandler upped their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a 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 given a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average 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.

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