Logan Capital Management Inc. Acquires 77,427 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Logan Capital Management Inc. increased its stake in Mondelez International by 33.7% during the first quarter, now owning a total of 307,343 shares valued at approximately $20.85 million.
• Mondelez International recently announced a quarterly dividend increase to $0.50 per share, up from $0.47, with a dividend yield of 3.2%.
• Analyst ratings for Mondelez remain robust, with a consensus rating of "Moderate Buy" and an average target price of $72.00.

Logan Capital Management Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 307,343 shares of the company's stock after acquiring an additional 77,427 shares during the period. Mondelez International accounts for 0.9% of Logan Capital Management Inc.'s portfolio, making the stock its 24th biggest holding. Logan Capital Management Inc.'s holdings in Mondelez International were worth $20,853,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MDLZ. Hemington Wealth Management increased its stake in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after buying an additional 156 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after buying an additional 160 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares in the last quarter. Sage Private Wealth Group LLC increased its stake in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after buying an additional 175 shares in the last quarter. Finally, Verus Financial Partners Inc. increased its stake in shares of Mondelez International by 3.7% in the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.4%

MDLZ traded down $0.22 during midday trading on Thursday, reaching $62.05. 6,422,137 shares of the company were exchanged, compared to its average volume of 6,175,771. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.98. The stock has a market capitalization of $80.29 billion, a P/E ratio of 22.73, a PEG ratio of 4.71 and a beta of 0.44. The stock's 50-day simple moving average is $64.64 and its 200 day simple moving average is $65.84.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $8.82 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company's revenue 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, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders 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 is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MDLZ shares. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. UBS Group decreased their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Piper Sandler raised their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.