Capricorn Fund Managers Ltd Acquires Shares of 25,000 Mondelez International, Inc. $MDLZ

Key Points

• Capricorn Fund Managers Ltd acquired 25,000 shares of Mondelez International, valued at approximately $1,686,000, during the second quarter.
• Mondelez International reported $0.73 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with a revenue of $8.98 billion, a 7.7% increase year-over-year.
• The company recently announced a quarterly dividend of $0.50, representing a 3.2% yield and an increase from the previous dividend of $0.47.

Capricorn Fund Managers Ltd acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,000 shares of the company's stock, valued at approximately $1,686,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sava Infond d.o.o. increased its position in Mondelez International by 6.1% during the 2nd quarter. Sava Infond d.o.o. now owns 40,250 shares of the company's stock valued at $2,714,000 after purchasing an additional 2,300 shares during the period. NTV Asset Management LLC grew its position in shares of Mondelez International by 5.0% in the 2nd quarter. NTV Asset Management LLC now owns 4,764 shares of the company's stock worth $321,000 after buying an additional 225 shares during the period. QRG Capital Management Inc. grew its position in shares of Mondelez International by 15.3% in the 2nd quarter. QRG Capital Management Inc. now owns 96,104 shares of the company's stock worth $6,481,000 after buying an additional 12,759 shares during the period. ZWJ Investment Counsel Inc. grew its position in shares of Mondelez International by 0.9% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 711,451 shares of the company's stock worth $47,980,000 after buying an additional 6,385 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in shares of Mondelez International by 17.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,357 shares of the company's stock worth $429,000 after buying an additional 944 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ opened at $62.67 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $81.09 billion, a P/E ratio of 22.96, a P/E/G ratio of 4.67 and a beta of 0.45. The company's 50-day simple moving average is $62.78 and its two-hundred day simple moving average is $65.55. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70.

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 the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business's revenue for the quarter 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. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 73.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Berenberg Bank downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research report on Thursday. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. UBS Group reduced their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Finally, Barclays upped their target price 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. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.80.

Mondelez International 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.

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