Mondelez International, Inc. $MDLZ Shares Sold by Cullen Investment Group LTD.

Cullen Investment Group LTD. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,159 shares of the company’s stock after selling 336 shares during the quarter. Cullen Investment Group LTD.’s holdings in Mondelez International were worth $1,157,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD increased its position 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 acquiring an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in Mondelez International in the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. increased its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Mondelez International in the 1st quarter valued at approximately $189,930,000. Finally, Natixis Advisors LLC increased its position in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after acquiring an additional 1,775,570 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MDLZ shares. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. UBS Group decreased their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target for the company. Finally, Sanford C. Bernstein increased 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. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Mondelez International Stock Performance

MDLZ opened at $61.98 on Friday. The firm has a market cap of $80.20 billion, a PE ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. 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 business has a fifty day simple moving average of $64.50 and a 200-day simple moving average of $65.82. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.98.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. 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 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 68.86%.

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.