Great Lakes Advisors LLC Raises Position in Mondelez International, Inc. $MDLZ

Key Points

• Great Lakes Advisors LLC has increased its stake in Mondelez International, Inc. by 26.2%, owning approximately 1.41 million shares worth around $95.96 million as of its latest SEC filing.
• Several analysts have raised their price targets for Mondelez International, with a consensus target of $72.00 and a total of fourteen analysts giving the stock a "Buy" rating.
• Mondelez has declared a quarterly dividend of $0.50 per share, an increase from the previous $0.47, representing a 3.2% yield.

Great Lakes Advisors LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 26.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,413,908 shares of the company's stock after purchasing an additional 293,307 shares during the period. Great Lakes Advisors LLC owned about 0.11% of Mondelez International worth $95,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Abound Financial LLC acquired a new position in Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. acquired a new position in Mondelez International in the 1st quarter valued at about $31,000. Finally, Orion Capital Management LLC acquired a new position in Mondelez International in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. started coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

MDLZ stock traded down $0.22 on Thursday, reaching $62.05. The company had a trading volume of 6,422,137 shares, compared to its average volume of 8,781,391. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.98. 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 company's fifty day moving average is $64.78 and its 200 day moving average is $65.87. The company has a market cap of $80.29 billion, a P/E ratio of 22.73, a PEG ratio of 4.73 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the company earned $0.86 EPS. Mondelez International's revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

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