Vontobel Holding Ltd. Has $183.35 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Vontobel Holding Ltd. reduced its stake in Mondelez International by 27.8% during Q2, leaving it with a holding valued at $183.35 million.
• Mondelez reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' expectations of $0.68, along with a revenue increase of 7.7% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, raising its annualized dividend yield to 3.2%.

Vontobel Holding Ltd. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,718,723 shares of the company's stock after selling 1,044,670 shares during the quarter. Vontobel Holding Ltd. owned 0.21% of Mondelez International worth $183,351,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Optas LLC raised its stake in Mondelez International by 42.3% during the 2nd quarter. Optas LLC now owns 7,630 shares of the company's stock valued at $515,000 after purchasing an additional 2,268 shares during the last quarter. Capital Management Associates Inc acquired a new position in Mondelez International during the 2nd quarter valued at $409,000. Venturi Wealth Management LLC raised its stake in shares of Mondelez International by 13.0% in the 2nd quarter. Venturi Wealth Management LLC now owns 7,780 shares of the company's stock valued at $525,000 after buying an additional 892 shares in the last quarter. Canopy Partners LLC raised its stake in shares of Mondelez International by 8.8% in the 2nd quarter. Canopy Partners LLC now owns 18,284 shares of the company's stock valued at $1,233,000 after buying an additional 1,484 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Mondelez International by 283.9% in the 2nd quarter. Shell Asset Management Co. now owns 28,087 shares of the company's stock valued at $1,894,000 after buying an additional 20,770 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.5%

Shares of NASDAQ:MDLZ opened at $61.66 on Thursday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The company's 50-day moving average price is $62.41 and its two-hundred day moving average price is $65.50. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a market cap of $79.78 billion, a P/E ratio of 22.59, a P/E/G ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS 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 analyst estimates of $8.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. 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, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business 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. 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 an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 73.26%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday. Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Stifel Nicolaus upped their target price 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. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.55.

Mondelez International Company 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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