The Manufacturers Life Insurance Company Increases Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• The Manufacturers Life Insurance Company increased its stake in Mondelez International by 0.7%, owning approximately $58.77 million worth of the company's stock as of its latest SEC filing.
• Mondelez International recently beat analysts' earnings expectations with $0.73 EPS for the quarter, alongside a revenue of $8.98 billion, which was above forecasts of $8.82 billion.
• The company announced a quarterly dividend of $0.50 per share, which shows an increase from its previous dividend and reflects a yield of 3.3%.

The Manufacturers Life Insurance Company boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 866,186 shares of the company's stock after buying an additional 5,888 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Mondelez International worth $58,771,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Barclays upped their price objective 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. Finally, Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Fourteen 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Down 0.5%

Shares of NASDAQ MDLZ traded down $0.29 during mid-day trading on Thursday, reaching $61.01. 2,768,324 shares of the company's stock traded hands, compared to its average volume of 8,843,479. The stock has a market cap of $78.94 billion, a P/E ratio of 22.34, a PEG ratio of 4.65 and a beta of 0.44. The business has a 50-day simple moving average of $65.42 and a 200 day simple moving average of $65.88. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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 issued its quarterly earnings data 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 firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. 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 3.3%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio is 73.26%.

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.