MBB Public Markets I LLC Purchases Shares of 5,246 Mondelez International, Inc. $MDLZ

Key Points

• MBB Public Markets I LLC purchased 5,246 shares of Mondelez International, valued at approximately $356,000, according to recent SEC disclosures.
• The company reported earnings of $0.73 EPS for the last quarter, surpassing analyst expectations of $0.68 and showing a 7.7% revenue increase year-over-year.
• Mondelez International announced an increase in its quarterly dividend to $0.50 per share, with a 3.2% dividend yield, expected to be paid on October 14th, reflecting a commitment to returning value to shareholders.

MBB Public Markets I LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,246 shares of the company's stock, valued at approximately $356,000.

Several other hedge funds have also modified their holdings of the stock. Abound Financial LLC purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. acquired a new stake in Mondelez International during the 1st quarter valued at $31,000. Finally, Orion Capital Management LLC purchased a new stake in Mondelez International during the 4th quarter worth $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays boosted 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. UBS Group reduced their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report 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. Finally, Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen equities 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, the company has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.22 during trading on Thursday, reaching $62.05. 6,422,137 shares of the company's stock traded hands, compared to its average volume of 6,175,771. 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 company has a 50 day moving average of $64.78 and a 200-day moving average of $65.87. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.98. The stock has a market capitalization of $80.29 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 4.71 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 company 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%.Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. 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 dividend payout ratio is 68.86%.

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.