Mondelez International, Inc. $MDLZ Shares Sold by Vermillion Wealth Management Inc.

Vermillion Wealth Management Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 650 shares of the company’s stock after selling 261 shares during the quarter. Vermillion Wealth Management Inc.’s holdings in Mondelez International were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 90.1% in 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 buying an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at $866,843,000. Invesco Ltd. increased 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 acquiring an additional 137,604 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% in 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 period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Barclays boosted their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective for the company. Fourteen 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. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $71.89.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.36 on Monday. 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 firm has a fifty day moving average of $63.54 and a 200 day moving average of $65.64. The firm has a market cap of $81.98 billion, a PE ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.11.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is currently 68.86%.

Mondelez International 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.