Mondelez International, Inc. $MDLZ Shares Acquired by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in **Mondelez International, Inc.** by **1.5%**, acquiring an additional **89,362 shares**, bringing their total holdings to approximately **6.15 million shares** valued at **$417 million**.
• Research analysts have mixed ratings on Mondelez, with 14 recommending a **Buy** and 5 a **Hold**, while the average target price is now set at **$72.00**.
• Mondelez posted quarterly earnings of **$0.73** per share, exceeding estimates, and has announced a dividend increase to **$0.50** per share, reflecting an annual dividend yield of **3.2%**.

Bahl & Gaynor Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,147,235 shares of the company's stock after purchasing an additional 89,362 shares during the quarter. Mondelez International accounts for about 2.1% of Bahl & Gaynor Inc.'s investment portfolio, making the stock its 11th largest holding. Bahl & Gaynor Inc. owned approximately 0.47% of Mondelez International worth $417,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after acquiring an additional 1,013 shares during the period. Canopy Partners LLC increased its holdings in Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares in the last quarter. TCW Group Inc. raised its position in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after purchasing an additional 4,002 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.1%

Mondelez International stock traded up $0.09 during midday trading on Tuesday, hitting $62.05. The stock had a trading volume of 8,456,946 shares, compared to its average volume of 8,920,237. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market cap of $80.29 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.79 and a beta of 0.46. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business has a fifty day moving average price of $66.23 and a 200 day moving average price of $65.89.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the business posted $0.86 EPS. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given 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 is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 73.26%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus boosted their target price 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. Fourteen equities 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.00.

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.