UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• UBS Asset Management has reduced its stake in Mondelez International by 1.6%, now owning approximately 0.68% of the company with shares valued at $595.9 million.
• Several hedge funds, including Price T Rowe Associates and Goldman Sachs, have significantly increased their holdings in Mondelez during the same period, indicating strong interest in the stock.
• Mondelez recently reported a 7.7% revenue increase year-over-year, with an EPS of $0.73 for the last quarter, and has announced an increase in its quarterly dividend to $0.50.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,782,783 shares of the company's stock after selling 142,346 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.68% of Mondelez International worth $595,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new position in Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. increased its position 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 worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $189,930,000. Finally, Natixis Advisors LLC lifted its stake in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after buying an additional 1,775,570 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.57 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company's 50-day simple moving average is $64.93 and its 200-day simple moving average is $65.89. The stock has a market capitalization of $80.96 billion, a price-to-earnings ratio of 22.92, a PEG 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 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 quarter last year, the company posted $0.86 earnings per share. The company's quarterly revenue 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 analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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 yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MDLZ shares. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective 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 company a "buy" rating in a report on Wednesday, July 30th. Finally, Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.00.

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.

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