GC Wealth Management RIA LLC Has $2.74 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• GC Wealth Management RIA LLC significantly increased its holdings in Mondelez International by 285.4% during the second quarter, resulting in a total value of $2.74 million for 40,658 shares.
• Mondelez International recently reported better-than-expected earnings, with $0.73 EPS for the quarter, surpassing analyst estimates of $0.68, and a revenue of $8.98 billion.
• The company declared a quarterly dividend of $0.50 per share, an increase from the previous dividend, providing an annual yield of 3.2%.

GC Wealth Management RIA LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 285.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,658 shares of the company's stock after buying an additional 30,108 shares during the quarter. GC Wealth Management RIA LLC's holdings in Mondelez International were worth $2,742,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in Mondelez International during the first quarter worth $866,843,000. Invesco Ltd. lifted its holdings in Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock worth $851,327,000 after acquiring an additional 137,604 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company's stock worth $417,090,000 after acquiring an additional 89,362 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. UBS Group reduced their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company reduced their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler boosted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.89.

Mondelez International Price Performance

MDLZ opened at $63.36 on Monday. The stock has a 50-day moving average price of $63.54 and a 200-day moving average price of $65.64. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $75.11. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $81.98 billion, a P/E ratio of 23.21, a PEG ratio of 4.79 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 earnings per share (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 company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share 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. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

About Mondelez International

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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