Assenagon Asset Management S.A. Sells 635 Shares of Mondelez International, Inc. $MDLZ

Assenagon Asset Management S.A. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the second quarter, Holdings Channel reports. The firm owned 39,343 shares of the company’s stock after selling 635 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Mondelez International were worth $2,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Perpetual Ltd increased its holdings in shares of Mondelez International by 13.4% in the 2nd quarter. Perpetual Ltd now owns 12,761 shares of the company’s stock worth $861,000 after purchasing an additional 1,507 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Mondelez International by 3.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 252,144 shares of the company’s stock worth $17,005,000 after purchasing an additional 8,030 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Mondelez International in the 2nd quarter worth $44,000. Rockland Trust Co. boosted its stake in shares of Mondelez International by 22.2% in the 2nd quarter. Rockland Trust Co. now owns 6,951 shares of the company’s stock worth $469,000 after buying an additional 1,262 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Mondelez International by 1,238.7% in the 2nd quarter. Exchange Traded Concepts LLC now owns 206,357 shares of the company’s stock worth $13,917,000 after buying an additional 190,942 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDLZ shares. Wells Fargo & Company dropped their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, UBS Group dropped their price target 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. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.79.

Mondelez International Price Performance

NASDAQ MDLZ opened at $62.56 on Friday. The company has a market capitalization of $80.95 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 4.87 and a beta of 0.44. 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 business’s fifty day moving average is $63.67 and its 200 day moving average is $65.66. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $75.11.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) 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.