Mondelez International, Inc. $MDLZ Stake Raised by XML Financial LLC

XML Financial LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 15,865 shares of the company’s stock after purchasing an additional 504 shares during the quarter. XML Financial LLC’s holdings in Mondelez International were worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its position in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in Mondelez International in the first quarter worth about $866,843,000. Goldman Sachs Group Inc. raised its position in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International in the first quarter worth about $189,930,000. Finally, Natixis Advisors LLC raised its position in Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after acquiring an additional 1,775,570 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MDLZ shares. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective on the stock. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Evercore ISI cut their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Barclays boosted 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. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.89.

Mondelez International Price Performance

Shares of MDLZ opened at $62.47 on Wednesday. The company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 4.74 and a beta of 0.44. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $73.90. 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 business’s 50-day moving average is $63.24 and its 200-day moving average is $65.60.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts expect 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is currently 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.