Mondelez International, Inc. $MDLZ Stake Boosted by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Mondelez International by 48.0%, acquiring an additional 478,700 shares, bringing its total ownership to approximately 1.48 million shares valued at $100 million.
• Mondelez reported a 7.7% year-over-year revenue growth in its latest quarter, reaching $8.98 billion, and exceeded analysts' earnings expectations with $0.73 EPS compared to the consensus estimate of $0.68.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50 per share, reflecting a positive change and a 3.2% dividend yield for shareholders.

Adage Capital Partners GP L.L.C. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,476,597 shares of the company's stock after acquiring an additional 478,700 shares during the period. Adage Capital Partners GP L.L.C. owned 0.11% of Mondelez International worth $100,187,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Dark Forest Capital Management LP acquired a new stake in shares of Mondelez International during the first quarter worth approximately $3,429,000. Chiron Capital Management LLC grew its position in shares of Mondelez International by 57.9% during the first quarter. Chiron Capital Management LLC now owns 6,806 shares of the company's stock worth $462,000 after buying an additional 2,495 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Mondelez International by 10.1% during the first quarter. EP Wealth Advisors LLC now owns 29,073 shares of the company's stock worth $1,973,000 after buying an additional 2,660 shares in the last quarter. First Manhattan CO. LLC. grew its position in shares of Mondelez International by 0.6% during the first quarter. First Manhattan CO. LLC. now owns 2,396,937 shares of the company's stock worth $163,751,000 after buying an additional 13,330 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Mondelez International by 32.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 14,826 shares of the company's stock worth $1,006,000 after buying an additional 3,670 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Stock Performance

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

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 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.