Ransom Advisory Ltd Purchases Shares of 5,806 Mondelez International, Inc. $MDLZ

Ransom Advisory Ltd acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,806 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International during the first quarter worth $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 valued at $30,000 after acquiring an additional 346 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Mondelez International in the first quarter valued at $31,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $62.57 on Wednesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a fifty day moving average price of $64.93 and a 200 day moving average price of $65.89. The stock has a market cap of $80.96 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 4.69 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The firm 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%. 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. Mondelez International’s dividend payout ratio (DPR) is presently 68.86%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent analyst reports. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays raised their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price on the stock. Finally, UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average 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.