Teza Capital Management LLC Sells 41,415 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Teza Capital Management LLC has significantly reduced its holdings in Mondelez International, decreasing its stake by 81.2% in the first quarter to only 9,596 shares.
• Several other institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have increased their stakes in Mondelez, with Brighton Jones boosting its position by 92.4%.
• Mondelez International recently announced an increase in its quarterly dividend from $0.47 to $0.50, representing an annualized yield of 3.2%.

Teza Capital Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 81.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,596 shares of the company's stock after selling 41,415 shares during the quarter. Teza Capital Management LLC's holdings in Mondelez International were worth $651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd raised its holdings in shares of Mondelez International by 0.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 600,388 shares of the company's stock worth $40,736,000 after acquiring an additional 1,653 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in Mondelez International by 15.0% during the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 32,776 shares of the company's stock valued at $2,224,000 after purchasing an additional 4,285 shares during the last quarter. Plancorp LLC increased its holdings in Mondelez International by 13.7% during the 1st quarter. Plancorp LLC now owns 10,696 shares of the company's stock worth $726,000 after purchasing an additional 1,285 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Mondelez International by 8.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 323,302 shares of the company's stock worth $21,936,000 after purchasing an additional 24,085 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. lifted its holdings in shares of Mondelez International by 7.4% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 124,580 shares of the company's stock valued at $8,505,000 after purchasing an additional 8,630 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MDLZ shares. UBS Group cut their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target on the stock. Finally, Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Fourteen 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 stock. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.22 during trading hours on Thursday, reaching $62.05. 6,422,137 shares of the company were exchanged, compared to its average volume of 8,781,391. The stock has a market capitalization of $80.29 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.73 and a beta of 0.44. 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 $75.98. The business's 50 day simple moving average is $64.78 and its 200-day simple moving average is $65.87.

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. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. 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 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. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 68.86%.

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.