Landscape Capital Management L.L.C. Has $700,000 Position in Mondelez International, Inc. $MDLZ

Key Points

• Landscape Capital Management L.L.C. has reduced its stake in Mondelez International by 29%, now holding 10,316 shares valued at approximately $700,000.
• Mondelez International recently reported a net revenue of $8.98 billion for the quarter, surpassing analyst estimates and showing a 7.7% increase from the previous year.
• The company has declared a quarterly dividend of $0.50 per share, marking a rise from its previous dividend of $0.47, reflecting a total annualized dividend of $2.00 and a 3.3% yield.

Landscape Capital Management L.L.C. cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 29.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,316 shares of the company's stock after selling 4,212 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Mondelez International were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 376.1% during the 1st 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 in the last quarter. Finally, North Capital Inc. acquired a new position in Mondelez International during the 1st quarter worth approximately $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.3%

MDLZ opened at $61.44 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.46. The company's 50 day moving average price is $65.82 and its two-hundred day moving average price is $65.90.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $8.82 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. 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 3.3%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 68.86%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. 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 objective for the company. Jefferies Financial Group upgraded shares of 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 research report on Thursday, July 17th. 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, Sanford C. Bernstein upped their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. 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 Company Profile

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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