Fulton Breakefield Broenniman LLC Buys 1,116 Shares of Mondelez International, Inc. $MDLZ

Fulton Breakefield Broenniman LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.0% in the second quarter, HoldingsChannel.com reports. The fund owned 5,971 shares of the company’s stock after purchasing an additional 1,116 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Mondelez International were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in 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 period. Wedge Capital Management L L P NC bought a new stake in Mondelez International during the first quarter valued at approximately $228,000. Farther Finance Advisors LLC grew its position in Mondelez International by 32.2% during the first quarter. Farther Finance Advisors LLC now owns 15,926 shares of the company’s stock valued at $1,077,000 after buying an additional 3,879 shares during the period. Pallas Capital Advisors LLC grew its position in Mondelez International by 15.9% during the first quarter. Pallas Capital Advisors LLC now owns 10,567 shares of the company’s stock valued at $717,000 after buying an additional 1,452 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Mondelez International by 9.3% during the first quarter. Harbor Capital Advisors Inc. now owns 22,134 shares of the company’s stock valued at $1,502,000 after buying an additional 1,876 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Stifel Nicolaus upped their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Evercore ISI dropped their price target 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. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Price Performance

MDLZ stock opened at $61.66 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The company’s fifty day moving average price is $62.41 and its 200-day moving average price is $65.50. 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 company has a market capitalization of $79.78 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 29th. The company reported $0.73 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 firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is presently 73.26%.

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.