Lbp Am Sa Makes New Investment in Mondelez International, Inc. $MDLZ

Key Points

• Lbp Am Sa announced a new investment in Mondelez International, purchasing 205,751 shares valued at approximately $13,876,000 in the second quarter.
• Mondelez International reported a 7.7% increase in quarterly revenue year-over-year, totaling $8.98 billion, and earnings per share of $0.73, surpassing analysts' estimates.
• The company has increased its quarterly dividend from $0.47 to $0.50, reflecting an annualized dividend of $2.00 and a dividend yield of 3.2%.

Lbp Am Sa purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 205,751 shares of the company's stock, valued at approximately $13,876,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management raised its position in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after purchasing an additional 156 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC raised its position in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares during the period. Enterprise Bank & Trust Co increased its position in Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock valued at $1,616,000 after acquiring an additional 170 shares during the period. Finally, Sage Private Wealth Group LLC increased its position in Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after acquiring an additional 175 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $62.47 on Wednesday. The stock has a fifty day moving average price of $63.24 and a two-hundred day moving average price of $65.60. 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 firm has a market cap of $80.83 billion, a P/E ratio of 22.88, a PEG ratio of 4.74 and a beta of 0.44. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $73.90.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly 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. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Evercore ISI lowered their target price on Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. Piper Sandler raised their target price on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $71.89.

Mondelez International 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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