Pinnacle Bancorp Inc. Has $169,000 Stock Holdings in Mondelez International, Inc. $MDLZ

Pinnacle Bancorp Inc. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 36.2% in the second quarter, Holdings Channel.com reports. The firm owned 2,501 shares of the company’s stock after buying an additional 665 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Mondelez International were worth $169,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Nuveen LLC acquired a new position in Mondelez International in the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. increased its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International in the 1st quarter valued at approximately $189,930,000. Finally, Natixis Advisors LLC increased its position in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after acquiring an additional 1,775,570 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.71 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.49. The company has a 50-day simple moving average of $64.02 and a 200 day simple moving average of $65.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a market capitalization of $82.44 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 4.82 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm 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%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase 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%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Mondelez International Profile

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.