USS Investment Management Ltd Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• USS Investment Management Ltd reduced its holdings in Mondelez International by 43.8%, now owning 223,862 shares worth approximately $15.19 million.
• Mondelez reported a quarterly earnings per share (EPS) of $0.73, exceeding forecasts, with a year-over-year revenue increase of 7.7% to $8.98 billion.
• The company announced a dividend increase to $0.50 per share, representing a 3.2% yield, with the payment date set for October 14.

USS Investment Management Ltd decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 43.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,862 shares of the company's stock after selling 174,600 shares during the quarter. USS Investment Management Ltd's holdings in Mondelez International were worth $15,190,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new stake in Mondelez International during the first quarter valued at approximately $31,000. Finally, Orion Capital Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.4%

MDLZ opened at $61.74 on Friday. The stock's fifty day moving average is $65.16 and its two-hundred day moving average is $65.91. The company has a market capitalization of $79.89 billion, a P/E ratio of 22.62, a PEG ratio of 4.67 and a beta of 0.44. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. 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 (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International's payout ratio is 68.86%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group decreased 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. began coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. 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 report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average 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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