Diversified Trust Co Has $1.99 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• Diversified Trust Co increased its position in Mondelez International, Inc. by 24.9% during the second quarter, owning 29,458 shares worth approximately $1,987,000.
• Various analysts have given Mondelez International stocks a positive outlook, with fourteen analysts rating it a Buy and an average price target of $72.00.
• Mondelez International announced a quarterly dividend of $0.50, marking an increase from its previous dividend of $0.47, representing an annual yield of 3.1%.

Diversified Trust Co raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,458 shares of the company's stock after purchasing an additional 5,874 shares during the quarter. Diversified Trust Co's holdings in Mondelez International were worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised 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 worth $30,000 after buying an additional 346 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International during the 1st quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Mondelez International during the 1st quarter worth about $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.22 during trading hours on Tuesday, reaching $63.72. The company's stock had a trading volume of 2,113,034 shares, compared to its average volume of 8,725,903. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a 50 day moving average price of $63.94 and a 200-day moving average price of $65.72. The stock has a market cap of $82.45 billion, a P/E ratio of 23.32, a P/E/G ratio of 4.82 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 the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. Mondelez International's payout ratio is 68.86%.

Mondelez International Company 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.