523,934 Shares in Mondelez International, Inc. $MDLZ Acquired by Confluence Investment Management LLC

Key Points

• Confluence Investment Management LLC acquired 523,934 shares of Mondelez International, valued at approximately $35 million, showcasing significant institutional interest in the company.
• Mondelez International's recent quarterly earnings exceeded expectations, reporting $0.73 EPS on revenues of $8.98 billion, with a year-over-year revenue increase of 7.7%.
• The company announced an increase in its quarterly dividend to $0.50 per share, a rise from the previous $0.47, reflecting a commitment to returning value to shareholders.

Confluence Investment Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 523,934 shares of the company's stock, valued at approximately $35,334,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $866,843,000. Invesco Ltd. grew its stake in shares of Mondelez International by 1.1% in 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. grew its stake in shares of 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 purchasing an additional 3,454,174 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mondelez International by 0.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,925,129 shares of the company's stock valued at $533,098,000 after purchasing an additional 46,658 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus lifted their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler raised their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Down 0.1%

MDLZ opened at $61.98 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a 50 day simple moving average of $64.50 and a 200-day simple moving average of $65.82. The stock has a market capitalization of $80.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.98.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations 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 last year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts anticipate 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. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is presently 68.86%.

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.

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