Investment management company abrdn plc has disclosed a decrease in its position in Mondelez International (MDLZ) by 4.8% during the first quarter, according to the company’s recent filing with the Securities and Exchange Commission (SEC). The filing reveals that abrdn plc now holds 888,486 shares of MDLZ, representing a reduction of 44,771 shares during the quarter. The value of abrdn plc’s stake in Mondelez International is estimated at $61,945,000 as of the most recent SEC filing.
Institutional Investors Make Changes to MDLZ Positions
Several other institutional investors and hedge funds have also made adjustments to their positions in Mondelez International. Price T Rowe Associates Inc. MD, for instance, increased its position by 17.4% in the fourth quarter, now holding 31,603,137 shares valued at $2,106,349,000. Geode Capital Management LLC augmented its position by 1.6% during the same period, now owning 24,986,825 shares valued at $1,661,997,000. Furthermore, Moneta Group Investment Advisors LLC grew its position significantly by 116,165.4% in the fourth quarter, with 23,389,107 shares valued at $1,558,884,000. Morgan Stanley significantly increased its stake by 25.8%, bringing its total holdings to 22,750,267 shares worth $1,516,305,000. Meanwhile, Norges Bank entered the scene during the fourth quarter, acquiring a fresh position in Mondelez International with an estimated value of around $981,319,000. In total, institutional investors and hedge funds now own approximately 79.42% of the company’s stock.
MDLZ Stock Drops by 0.5%
On Tuesday, shares of Mondelez International (MDLZ) opened at $71.94. The company has a market capitalization of $97.97 billion, a price-to-earnings (P/E) ratio of 25.07, and a beta of 0.64. Its quick ratio stands at 0.49, while the current ratio is 0.68, and the debt-to-equity ratio is 0.66. Over the past 12 months, Mondelez International has seen a low of $54.72 and a high of $78.59. The stock’s fifty-day simple moving average is $74.09, and the 200-day simple moving average is $70.21.
MDLZ Reports Strong Quarterly Earnings
Mondelez International (MDLZ) recently announced its quarterly earnings results for the period ending April 27th. The company’s quarterly earnings per share amounted to $0.89, exceeding the projected $0.80 according to analysts, with an impressive margin of $0.09. Mondelez International achieved a return on equity of 15.24% and a net margin of 11.99%. Its revenue for the quarter amounted to $9.17 billion, exceeding the consensus estimate of $8.43 billion. Comparatively, in the same quarter the previous year, the company posted earnings per share of $0.84, indicating a revenue increase of 18.1%. Analysts predictions on MDLZ Stock will post earnings per share of 3.19 for the current year.
MDLZ Declares Quarterly Dividend
Mondelez International has also made a recent announcement regarding its quarterly dividend, which was distributed on July 14th to shareholders who were recorded as of June 30th. The dividend amounted to $0.385 per share. Considering the ex-dividend date of June 29th, the annualized dividend is $1.54, resulting in a yield of 2.14%. The current payout ratio of Mondelez International is 53.66%.
Wall Street Analysts Provide Growth Forecast
Several equities research analysts have recently published reports on Mondelez International, providing their insights and price targets for the stock. Sanford C. Bernstein increased the price target from $79.00 to $85.00, while Mizuho raised it from $78.00 to $86.00. Morgan Stanley also adjusted its price target, raising it from $75.00 to $77.00 and giving the stock an “overweight” rating. UBS Group increased its price target from $72.00 to $78.00, and StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating. Overall, five research analysts have rated the stock as a hold, while twelve have assigned it a buy rating. According to STA Research, the company has a consensus rating of “Strong Buy,” with an average price target of $79.13.
For the latest discussions and opinions on Mondelez International’s stock (MDLZ), investors can visit MDLZ StockTwits, a social media platform for financial discussions. As for the stock forecast and price predictions for MDLZ in 2025, it is advisable to consult financial analysts and experts for accurate and up-to-date information.
