RBO & Co. LLC Boosts Stock Position in Mondelez International, Inc. $MDLZ

RBO & Co. LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 34.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 349,139 shares of the company’s stock after purchasing an additional 89,424 shares during the period. Mondelez International accounts for approximately 3.8% of RBO & Co. LLC’s portfolio, making the stock its 10th biggest holding. RBO & Co. LLC’s holdings in Mondelez International were worth $23,689,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter worth about $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares during the period. Finally, North Capital Inc. bought a new position in shares of Mondelez International in the first quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.7%

NASDAQ MDLZ opened at $63.41 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $66.34 and its two-hundred day moving average is $65.75. The company has a market capitalization of $82.05 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 4.76 and a beta of 0.46. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

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 analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Mondelez International’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. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 73.26%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus lifted their target price on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Mondelez International in a research report on Wednesday. They set an “overweight” rating and a $75.00 target price on the stock. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.