Fulton Breakefield Broenniman LLC Increases Stock Position in Mondelez International, Inc. $MDLZ

Fulton Breakefield Broenniman LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,971 shares of the company’s stock after buying an additional 1,116 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Mondelez International were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its position in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC lifted its position in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the period. TCW Group Inc. lifted its position in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Flagship Harbor Advisors LLC lifted its position in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after purchasing an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. lifted its position in shares of Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after purchasing an additional 8,456 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MDLZ shares. UBS Group dropped their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Stock Down 1.5%

NASDAQ:MDLZ opened at $61.66 on Thursday. The firm has a market cap of $79.78 billion, a P/E ratio of 22.59, a P/E/G ratio of 4.74 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm has a 50-day simple moving average of $62.41 and a two-hundred day simple moving average of $65.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

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.