FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys 516 Shares of Mondelez International, Inc. $MDLZ

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,633 shares of the company’s stock after purchasing an additional 516 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Mondelez International were worth $2,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. bought a new stake in shares of Mondelez International during the 1st quarter valued at about $31,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International during the 1st quarter valued at about $36,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price for the company. Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given 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 $71.89.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $63.36 on Monday. The stock has a market cap of $81.98 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44. The firm’s 50-day moving average is $63.54 and its 200 day moving average is $65.64. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is currently 68.86%.

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.