Mondelez International, Inc. $MDLZ Shares Sold by Ascent Group LLC

Ascent Group LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,919 shares of the company’s stock after selling 739 shares during the quarter. Ascent Group LLC’s holdings in Mondelez International were worth $3,097,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Abound Financial LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International in the 1st quarter valued at $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.4%

Shares of MDLZ stock opened at $62.67 on Friday. The firm has a 50-day moving average price of $62.78 and a 200 day moving average price of $65.56. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The company has a market capitalization of $81.09 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 4.74 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced 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. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is presently 73.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDLZ shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday. Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.80.

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.