Erste Asset Management GmbH Raises Stock Holdings in Mondelez International, Inc. $MDLZ

Erste Asset Management GmbH increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 241.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,646 shares of the company’s stock after purchasing an additional 102,933 shares during the period. Erste Asset Management GmbH’s holdings in Mondelez International were worth $9,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter worth $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.8%

Shares of NASDAQ:MDLZ opened at $63.17 on Thursday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock’s fifty day moving average price is $66.51 and its 200-day moving average price is $65.66. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market cap of $81.74 billion, a P/E ratio of 23.14, a PEG ratio of 4.73 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. Mondelez International’s revenue was up 7.7% on a year-over-year basis. 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 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced 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 positive change 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 currently 68.86%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent research reports. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. UBS Group cut their target price on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Finally, Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.