Banque Pictet & Cie SA Grows Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Banque Pictet & Cie SA increased its stake in Mondelez International by 8.0%, holding 105,836 shares valued at $7,138,000 at the end of the second quarter.
• Analysts show a generally positive sentiment towards Mondelez with fourteen giving a Buy rating, while the average price target is $71.89.
• Mondelez International declared a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 3.2%.

Banque Pictet & Cie SA lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,836 shares of the company's stock after buying an additional 7,869 shares during the quarter. Banque Pictet & Cie SA's holdings in Mondelez International were worth $7,138,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of 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 buying an additional 346 shares in the last quarter. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter valued at $31,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MDLZ. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Evercore ISI decreased their price target on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday. Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $71.89.

Mondelez International Stock Performance

Mondelez International stock opened at $63.36 on Friday. The company's 50-day moving average price is $63.54 and its 200-day moving average price is $65.62. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.11. 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 company has a market cap of $81.98 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 4.73 and a beta of 0.44.

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

Mondelez International Increases Dividend

The company also recently declared 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 represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 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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