Mondelez International, Inc. $MDLZ Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,738 shares of the company’s stock after selling 607 shares during the period. Newport Trust Company LLC’s holdings in Mondelez International were worth $3,850,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock valued at $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 6.8% during the fourth quarter. Northern Trust Corp now owns 16,252,906 shares of the company’s stock valued at $970,786,000 after acquiring an additional 1,035,184 shares during the last quarter. Deutsche Bank AG increased its position 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 valued at $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Mondelez International during the first quarter valued at about $866,843,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4%

Shares of MDLZ stock opened at $62.94 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $81.44 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 4.77 and a beta of 0.46. The company has a 50 day moving average price of $66.41 and a 200 day moving average price of $65.70. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (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 company 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 firm earned $0.86 earnings per share. The firm’s quarterly 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. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared 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 is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International’s payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MDLZ shares. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Sanford C. Bernstein lifted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. 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 report on Thursday, July 31st. Finally, UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.