Vident Advisory LLC Buys 207,143 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Vident Advisory LLC significantly increased its holdings in Mondelez International by 587.8%, acquiring an additional 207,143 shares, bringing its total ownership to 242,384 shares valued at approximately $16.4 million.
• Mondelez International recently reported quarterly earnings of $0.73 EPS, exceeding expectations, alongside a revenue of $8.98 billion, representing a year-over-year increase of 7.7%.
• The company announced a dividend increase to $0.50 per share, with a 3.3% yield, reflecting positive momentum in its financial performance.

Vident Advisory LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 587.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,384 shares of the company's stock after buying an additional 207,143 shares during the quarter. Vident Advisory LLC's holdings in Mondelez International were worth $16,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Ameriprise Financial Inc. grew its position in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the period. Nuveen LLC acquired a new stake in shares of Mondelez International in the first quarter valued at approximately $866,843,000. Finally, Invesco Ltd. raised its position in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after buying an additional 137,604 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective for the company. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group cut their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Barclays raised 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. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

MDLZ stock traded up $0.16 during trading on Monday, reaching $61.44. 5,866,833 shares of the company were exchanged, compared to its average volume of 7,062,599. The company has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a 50-day moving average of $65.82 and a two-hundred day moving average of $65.93. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping 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 quarter in the previous year, the firm posted $0.86 earnings per share. The company's 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. As a group, equities analysts predict 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 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.