DnB Asset Management AS Grows Stake in Mondelez International, Inc. $MDLZ

DnB Asset Management AS boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 44.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,126 shares of the company’s stock after buying an additional 132,447 shares during the quarter. DnB Asset Management AS’s holdings in Mondelez International were worth $29,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% in the 1st 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 purchasing an additional 13,755,181 shares during the last quarter. Deutsche Bank AG raised its position in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after buying an additional 2,002,640 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mondelez International in the first quarter worth about $866,843,000. Invesco Ltd. lifted its stake 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 worth $851,327,000 after buying an additional 137,604 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Piper Sandler increased their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Sanford C. Bernstein boosted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and raised 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Stock Down 0.7%

Shares of NASDAQ:MDLZ opened at $60.90 on Friday. The company has a market capitalization of $78.80 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 4.64 and a beta of 0.44. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50-day moving average price of $65.29 and a 200 day moving average price of $65.88. 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 posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Mondelez International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 68.86%.

About Mondelez International

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.