Graham Capital Management L.P. Buys New Stake in Mondelez International, Inc. $MDLZ

Key Points

• Graham Capital Management has acquired a new stake in Mondelez International, purchasing 18,440 shares valued at approximately $1.25 million.
• Multiple analysts have upgraded Mondelez International's stock ratings recently, with Jefferies Financial Group raising it to a "buy" with a target price increase from $66.00 to $78.00.
• Mondelez International announced a quarterly dividend increase from $0.47 to $0.50, with a yield of 3.3%.

Graham Capital Management L.P. bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,440 shares of the company's stock, valued at approximately $1,251,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. acquired a new stake in Mondelez International in the first quarter valued at approximately $31,000. Finally, Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $30,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. UBS Group dropped their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Finally, Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.84 during trading hours on Friday, hitting $61.74. The company's stock had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The business has a 50 day moving average price of $65.16 and a two-hundred day moving average price of $65.88. The company has a market cap of $79.89 billion, a PE ratio of 22.62, a PEG ratio of 4.67 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's payout ratio 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.