Clough Capital Partners L P Invests $2.07 Million in Mondelez International, Inc. $MDLZ

Key Points

• Clough Capital Partners L P has made a new investment in Mondelez International, acquiring 30,516 shares valued at approximately $2,071,000 during the first quarter.
• Mondelez International reported stronger-than-expected earnings with an EPS of $0.73, beating estimates of $0.68, and a year-over-year revenue increase of 7.7% to $8.98 billion.
• The company has declared a quarterly dividend of $0.50 per share, reflecting a 3.3% yield and an increase from the previous quarterly dividend of $0.47.

Clough Capital Partners L P bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,516 shares of the company's stock, valued at approximately $2,071,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the first quarter worth about $26,000. Orion Capital Management LLC bought a new position in Mondelez International during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Finally, North Capital Inc. bought a new position in Mondelez International during the first quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDLZ. Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, UBS Group dropped their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Up 0.3%

Shares of NASDAQ:MDLZ traded up $0.16 during midday trading on Monday, reaching $61.44. The company had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. 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 business's 50 day moving average price is $65.82 and its 200 day moving average price is $65.93. The stock has a market cap of $79.50 billion, a PE ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 business had revenue of $8.98 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 73.26%.

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.