Optas LLC Purchases 2,268 Shares of Mondelez International, Inc. $MDLZ

Optas LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 42.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,630 shares of the company’s stock after buying an additional 2,268 shares during the quarter. Optas LLC’s holdings in Mondelez International were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Management Associates Inc bought a new position in Mondelez International in the second quarter valued at approximately $409,000. Venturi Wealth Management LLC grew its stake in Mondelez International by 13.0% in the second quarter. Venturi Wealth Management LLC now owns 7,780 shares of the company’s stock valued at $525,000 after purchasing an additional 892 shares in the last quarter. Canopy Partners LLC grew its stake in Mondelez International by 8.8% in the second quarter. Canopy Partners LLC now owns 18,284 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,484 shares in the last quarter. Shell Asset Management Co. grew its stake in Mondelez International by 283.9% in the second quarter. Shell Asset Management Co. now owns 28,087 shares of the company’s stock valued at $1,894,000 after purchasing an additional 20,770 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in Mondelez International by 16.0% in the second quarter. Joel Isaacson & Co. LLC now owns 12,053 shares of the company’s stock valued at $813,000 after purchasing an additional 1,660 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on MDLZ. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Evercore ISI reduced their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday. Fourteen 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.66 on Thursday. The stock has a market capitalization of $79.78 billion, a PE ratio of 22.59, a P/E/G ratio of 4.74 and a beta of 0.45. 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 business has a fifty day moving average price of $62.41 and a two-hundred day moving average price of $65.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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. The firm 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. 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 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 issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 73.26%.

Mondelez International 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.