Dark Forest Capital Management LP Acquires New Shares in Mondelez International, Inc. $MDLZ

Key Points

• Dark Forest Capital Management LP has acquired 50,537 shares of Mondelez International, Inc. (NASDAQ:MDLZ), valued at approximately $3.43 million.
• Mondelez International recently reported earnings of $0.73 per share, exceeding estimates, with a revenue increase of 7.7% year-over-year.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50, reflecting a strong commitment to returning capital to shareholders.

Dark Forest Capital Management LP acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 50,537 shares of the company's stock, valued at approximately $3,429,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hemington Wealth Management boosted its position in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC boosted its position in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the period. Sage Private Wealth Group LLC boosted its position in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. boosted its position in shares of Mondelez International by 3.7% in the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after purchasing an additional 179 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus upped their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.84 during trading hours on Friday, reaching $61.74. 6,149,476 shares of the company's stock were exchanged, compared to its average volume of 6,654,479. The company has a market cap of $79.89 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 4.61 and a beta of 0.44. The company's 50 day moving average is $65.16 and its two-hundred day moving average is $65.88. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts anticipate 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 paid a dividend of $0.50 per share. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

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.