CTC Alternative Strategies Ltd. Takes $1.02 Million Position in Mondelez International, Inc. $MDLZ

Key Points

• CTC Alternative Strategies Ltd. has acquired a new position in Mondelez International, Inc., purchasing 15,000 shares valued at approximately $1.02 million, making it the company's 18th largest holding.
• Mondelez International has announced a quarterly dividend increase from $0.47 to $0.50 per share, translating to an annualized yield of 3.2%.
• The company's latest earnings report showed 7.7% revenue growth year-over-year, beating analyst estimates with $8.98 billion in revenue and $0.73 EPS.

CTC Alternative Strategies Ltd. bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $1,018,000. Mondelez International makes up about 1.2% of CTC Alternative Strategies Ltd.'s portfolio, making the stock its 18th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. Abound Financial LLC bought a new stake in Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 valued at $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the first quarter worth about $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $30,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.4%

MDLZ stock opened at $61.74 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company's 50 day simple moving average is $65.16 and its 200-day simple moving average is $65.93. The firm has a market capitalization of $79.89 billion, a PE ratio of 22.62, a P/E/G ratio of 4.67 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during 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 quarter last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is presently 68.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on 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 boosted their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.00.

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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