Great Lakes Advisors LLC Invests $4.87 Million in Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 84,235 shares of the company’s stock, valued at approximately $4,872,000.

A number of other hedge funds have also recently modified their holdings of MDLZ. J.Safra Asset Management Corp purchased a new position in Mondelez International during the fourth quarter worth about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $28,000. High Point Wealth Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDLZ. TD Cowen upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research note on Wednesday, July 29th. Finally, UBS Group increased their price target on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $67.30.

Mondelez International Stock Up 2.4%

Shares of NASDAQ:MDLZ opened at $64.16 on Thursday. The firm has a market capitalization of $81.89 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.55 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm’s 50-day moving average is $61.18 and its two-hundred day moving average is $60.04.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is 73.53%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.