4,945 Shares in Mondelez International, Inc. $MDLZ Bought by Joule Financial LLC

Key Points

• Joule Financial LLC has acquired a new stake in Mondelez International, Inc., purchasing 4,945 shares valued at approximately $333,000.
• Mondelez reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' estimates and demonstrating a 7.7% revenue increase year-over-year.
• The company has declared a quarterly dividend of $0.50, reflecting an annualized dividend yield of 3.2%, up from the previous dividend of $0.47.

Joule Financial LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,945 shares of the company's stock, valued at approximately $333,000.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 90.1% during 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 buying an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new position in Mondelez International during the 1st quarter valued at approximately $866,843,000. Invesco Ltd. raised its position in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after purchasing an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $640,964,000 after buying an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. grew its position in shares of Mondelez International by 1.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company's stock worth $417,090,000 after buying an additional 89,362 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 1.4%

MDLZ opened at $62.67 on Monday. The company has a market capitalization of $81.09 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. The firm has a 50-day simple moving average of $62.78 and a two-hundred day simple moving average of $65.57. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during 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 company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 73.26%.

Analysts Set New Price Targets

A number of analysts recently commented on MDLZ shares. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Berenberg Bank cut shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.80.

Mondelez International Company 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.

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