Mondelez International, Inc. $MDLZ Stake Raised by CX Institutional

Key Points

• CX Institutional increased its position in Mondelez International by 146.0% in Q2, now holding 126,924 shares valued at $8.56 million.
• Mondelez International's quarterly earnings surpassed expectations, reporting $0.73 EPS and $8.98 billion in revenue, reflecting a 7.7% increase year-over-year.
• The company recently announced a raised quarterly dividend of $0.50 per share, reflecting a 3.1% yield and a payout ratio of 68.86%.

CX Institutional increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 146.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,924 shares of the company's stock after purchasing an additional 75,319 shares during the quarter. CX Institutional's holdings in Mondelez International were worth $8,560,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 376.1% in the 1st 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 during the last quarter. Finally, North Capital Inc. acquired a new stake in Mondelez International in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective on the stock. Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Sanford C. Bernstein raised their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Stock Performance

Mondelez International stock traded down $0.21 during mid-day trading on Monday, reaching $63.50. The company's stock had a trading volume of 7,357,807 shares, compared to its average volume of 8,762,395. The firm has a market cap of $82.17 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 4.82 and a beta of 0.44. The business has a 50 day moving average price of $64.02 and a 200-day moving average price of $65.75. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.11.

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 analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for 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 period last year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Mondelez International's dividend payout ratio (DPR) is 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.