Jones Financial Companies Lllp Acquires 102,290 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Jones Financial Companies Lllp increased its stake in Mondelez International by 25.3%, acquiring an additional 102,290 shares to reach a total of 506,817 shares valued at approximately $34.35 million.
• Mondelez International recently announced a quarterly dividend increase to $0.50 per share, up from $0.47, indicating a strong commitment to returning value to shareholders.
• Several analysts have upgraded their ratings and price targets for Mondelez International, with consensus shows a Moderate Buy rating and an average price target of $72.00.

Jones Financial Companies Lllp lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 506,817 shares of the company's stock after purchasing an additional 102,290 shares during the period. Jones Financial Companies Lllp's holdings in Mondelez International were worth $34,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International during the first quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 valued at $30,000 after acquiring an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new position in shares of Mondelez International during the first quarter valued at about $31,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Wells Fargo & Company upgraded shares of 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. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target on the stock. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Down 0.1%

MDLZ opened at $61.98 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.98. The company has a market capitalization of $80.20 billion, a PE ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44. The firm's 50 day simple moving average is $64.50 and its two-hundred day simple moving average is $65.85.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the firm earned $0.86 EPS. The company'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. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend 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.

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