Mondelez International, Inc. $MDLZ Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.4% in the second quarter, HoldingsChannel reports. The firm owned 4,728 shares of the company’s stock after selling 436 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Mondelez International were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake 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 acquired a new stake in shares of Mondelez International in the 1st quarter worth about $866,843,000. Invesco Ltd. increased its holdings in shares of Mondelez International by 1.1% in the 1st 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. grew its position 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 purchasing an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position 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 purchasing an additional 89,362 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 2.2%

Shares of MDLZ stock opened at $61.78 on Friday. The business’s fifty day moving average is $62.93 and its 200-day moving average is $65.56. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The stock has a market cap of $79.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 4.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last announced 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. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the business posted $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. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. 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 an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 73.26%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. UBS Group reduced their price objective on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Thursday. Finally, Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

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.