EntryPoint Capital LLC Buys Shares of 3,953 Mondelez International, Inc. $MDLZ

Key Points

• EntryPoint Capital LLC acquired 3,953 shares of Mondelez International, valued at approximately $268,000, signaling a new investment in the snack food company.
• Research analysts have upgraded Mondelez's stock ratings, with target prices now ranging from $69.00 to $88.00, reflecting positive sentiment about the company's performance.
• Mondelez International announced a quarterly dividend increase, now set at $0.50 per share, which translates to an annualized yield of 3.2% for investors.

EntryPoint Capital LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,953 shares of the company's stock, valued at approximately $268,000.

A number of other hedge funds have also made changes to their positions in MDLZ. Brighton Jones LLC raised its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after purchasing an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after buying an additional 3,706 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Mondelez International by 3.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 21,070 shares of the company's stock valued at $1,259,000 after buying an additional 654 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Mondelez International by 6.2% in the 4th quarter. MGO One Seven LLC now owns 15,695 shares of the company's stock valued at $937,000 after buying an additional 919 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of Mondelez International by 66.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Morgan Stanley upped their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a report on Friday, June 20th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Stock Up 0.7%

Shares of NASDAQ:MDLZ opened at $63.41 on Friday. The stock has a market cap of $82.05 billion, a P/E ratio of 23.23, a P/E/G ratio of 4.76 and a beta of 0.46. The firm has a fifty day moving average price of $66.34 and a 200 day moving average price of $65.75. 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 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share 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 net margin of 9.84% and a return on equity of 15.35%. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. 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 year.

Mondelez International Increases Dividend

The company also recently disclosed 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 3.2%. 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 payout ratio is currently 68.86%.

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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