Mondelez International, Inc. $MDLZ Shares Sold by Swedbank AB

Key Points

• Swedbank AB sold 12,527 shares of Mondelez International, Inc. during the second quarter, reducing its ownership to approximately 803,477 shares valued at about $54 million.
• Mondelez reported earnings per share of $0.73, surpassing estimates and showing a revenue increase of 7.7% year-over-year, with a total revenue of $8.98 billion for the quarter.
• The company has announced a quarterly dividend increase from $0.47 to $0.50 per share, reflecting a 3.2% dividend yield with a payout ratio of 68.86%.

Swedbank AB lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 803,477 shares of the company's stock after selling 12,527 shares during the period. Swedbank AB owned approximately 0.06% of Mondelez International worth $54,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in Mondelez International in the first quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the first quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in Mondelez International in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% in the first 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. Finally, North Capital Inc. purchased a new position in Mondelez International in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MDLZ shares. Sanford C. Bernstein boosted 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. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Trading Up 0.7%

Shares of MDLZ traded up $0.46 during mid-day trading on Friday, hitting $63.71. The company had a trading volume of 17,133,815 shares, compared to its average volume of 6,425,033. The business's 50-day simple moving average is $64.02 and its 200-day simple moving average is $65.76. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.49. The stock has a market cap of $82.44 billion, a PE ratio of 23.34, a P/E/G ratio of 4.79 and a beta of 0.44.

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, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period last year, the company earned $0.86 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts forecast 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 paid 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 3.1%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 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.