Congress Asset Management Co. Acquires 2,013 Shares of Mondelez International, Inc. $MDLZ

Congress Asset Management Co. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,017 shares of the company’s stock after buying an additional 2,013 shares during the period. Congress Asset Management Co.’s holdings in Mondelez International were worth $9,578,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 worth $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $36,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $63.36 on Friday. The stock’s fifty day simple moving average is $63.54 and its 200 day simple moving average is $65.62. 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 firm has a market cap of $81.98 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 4.73 and a beta of 0.44. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.11.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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%.Mondelez International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is presently 68.86%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MDLZ shares. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Sanford C. Bernstein lifted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $71.89.

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.