Mondelez International, Inc. $MDLZ Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,559 shares of the company’s stock after purchasing an additional 2,457 shares during the quarter. Addenda Capital Inc.’s holdings in Mondelez International were worth $7,839,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in shares of Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. bought a new position in Mondelez International during the first quarter valued at about $31,000. Finally, Saudi Central Bank acquired a new position in Mondelez International during the first quarter worth about $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of 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 research note on Thursday, July 17th. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein upped their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.89.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $63.36 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.11. 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 business has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $65.63. The firm has a market capitalization of $81.98 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44.

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. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 68.86%.

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.