Joule Financial LLC Acquires Shares of 4,945 Mondelez International, Inc. $MDLZ

Joule Financial LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,945 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. Vest Financial LLC boosted its holdings in Mondelez International by 73.5% during the 1st quarter. Vest Financial LLC now owns 13,172 shares of the company’s stock valued at $894,000 after acquiring an additional 5,581 shares during the period. Pines Wealth Management LLC bought a new position in Mondelez International in the 1st quarter valued at $265,000. Congress Asset Management Co. increased its stake in Mondelez International by 34.7% in the first quarter. Congress Asset Management Co. now owns 140,004 shares of the company’s stock worth $9,499,000 after purchasing an additional 36,095 shares during the period. Finally, KFG Wealth Management LLC bought a new stake in shares of Mondelez International during the first quarter worth $211,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.67 on Monday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The business’s 50 day moving average price is $62.78 and its 200 day moving average price is $65.57. 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 firm has a market cap of $81.09 billion, a P/E ratio of 22.96, a P/E/G ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’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. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, September 30th. This is a boost 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%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Evercore ISI lowered their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective on the stock. Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

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.