Global Retirement Partners LLC Acquires Shares of 18,741 Mondelez International, Inc. $MDLZ

Key Points

• Global Retirement Partners purchased 18,741 shares of Mondelez International during the second quarter, valued at approximately $1.08 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Mondelez beat quarterly expectations with $0.73 in EPS versus the $0.68 consensus and revenue of $9.36 billion, up 4.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.30.
• The company raised its quarterly dividend to $0.52 per share, equivalent to $2.08 annually and a 3.3% yield. MDLZ shares recently opened at $62.66, within a 52-week range of $51.20 to $66.65.

Global Retirement Partners LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,741 shares of the company's stock, valued at approximately $1,084,000.

Several other hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC increased its position in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock valued at $292,000 after buying an additional 173 shares in the last quarter. Granite Investment Partners LLC boosted its position in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock valued at $1,688,000 after buying an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Mondelez International by 2.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock worth $515,000 after buying an additional 179 shares during the last quarter. Finally, Columbia Asset Management grew its stake in Mondelez International by 1.3% during the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company's stock worth $746,000 after buying an additional 180 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ stock opened at $62.66 on Wednesday. The business's fifty day moving average is $61.18 and its 200-day moving average is $59.99. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company has a market cap of $79.97 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.52 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.50. Mondelez International's dividend payout ratio is currently 73.53%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MDLZ shares. UBS Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Barclays raised their target price on Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. TD Cowen lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, BNP Paribas Exane upped their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $67.30.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company's product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.

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