Bank Pictet & Cie Europe AG Increases Stock Holdings in Mondelez International, Inc. $MDLZ

Bank Pictet & Cie Europe AG increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,396 shares of the company’s stock after buying an additional 3,353 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Mondelez International were worth $22,417,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC purchased a new stake in Mondelez International in the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. grew its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International during the first quarter worth $189,930,000. Finally, Natixis Advisors LLC raised its holdings in shares of Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after acquiring an additional 1,775,570 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Barclays upped their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Stifel Nicolaus boosted their price objective 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, Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.79.

Mondelez International Trading Down 2.8%

NASDAQ MDLZ opened at $62.56 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.11. The company has a 50-day moving average of $63.67 and a 200-day moving average of $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 $80.95 billion, a P/E ratio of 22.92, a P/E/G ratio of 4.87 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the company earned $0.86 earnings per share. The company’s quarterly 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. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 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.