CX Institutional Raises Holdings in Mondelez International, Inc. $MDLZ

CX Institutional boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 146.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 126,924 shares of the company’s stock after buying an additional 75,319 shares during the quarter. CX Institutional’s holdings in Mondelez International were worth $8,560,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Mondelez International by 90.1% during the 1st 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 acquiring an additional 13,755,181 shares during the period. Nuveen LLC purchased a new stake in Mondelez International during the 1st quarter valued at about $866,843,000. Invesco Ltd. boosted its holdings in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after acquiring an additional 137,604 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in Mondelez International by 1.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after buying an additional 89,362 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDLZ. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective for the company. Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Mondelez International Trading Up 0.7%

MDLZ opened at $63.71 on Friday. The stock has a market cap of $82.44 billion, a PE ratio of 23.34, a PEG ratio of 4.79 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $64.02 and a 200-day moving average of $65.76. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.49.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter 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. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date 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 yield of 3.1%. Mondelez International’s dividend payout ratio (DPR) is presently 68.86%.

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.