Shell Asset Management Co. Acquires 20,770 Shares of Mondelez International, Inc. $MDLZ

Shell Asset Management Co. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 283.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,087 shares of the company’s stock after buying an additional 20,770 shares during the quarter. Shell Asset Management Co.’s holdings in Mondelez International were worth $1,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hemington Wealth Management grew its position in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after purchasing an additional 156 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after purchasing an additional 168 shares in the last quarter. Enterprise Bank & Trust Co grew its position in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares in the last quarter. Finally, Sage Private Wealth Group LLC grew its position in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after purchasing an additional 175 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $61.66 on Thursday. 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 business has a 50-day simple moving average of $62.41 and a 200 day simple moving average of $65.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The stock has a market cap of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s 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, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 73.26%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company reduced their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $71.55.

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.