Mondelez International, Inc. $MDLZ Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,688 shares of the company’s stock after selling 481 shares during the period. ST Germain D J Co. Inc.’s holdings in Mondelez International were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in Mondelez International during the first quarter valued at approximately $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. 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 note on Wednesday, July 30th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.89.

Mondelez International Stock Up 1.3%

Shares of NASDAQ:MDLZ opened at $63.36 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $65.63. The firm has a market cap of $81.98 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 4.79 and a beta of 0.44. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $75.11.

Mondelez International (NASDAQ:MDLZ) last released 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. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm 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 $0.50 dividend. This is a boost 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 of this dividend is Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 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.