Mondelez International, Inc. $MDLZ Position Increased by Evergreen Private Wealth LLC

Evergreen Private Wealth LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,260 shares of the company's stock after purchasing an additional 5,019 shares during the period. Mondelez International accounts for 1.9% of Evergreen Private Wealth LLC's portfolio, making the stock its 25th biggest position. Evergreen Private Wealth LLC's holdings in Mondelez International were worth $4,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hemington Wealth Management boosted its stake in 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 acquiring an additional 156 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Mondelez International by 1.0% in 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 last quarter. Sound Income Strategies LLC boosted its position in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the period. Enterprise Bank & Trust Co grew its stake in Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock worth $1,616,000 after buying an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its stake in Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after buying an additional 175 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ opened at $62.56 on Friday. The business has a 50 day moving average price of $63.67 and a two-hundred day moving average price of $65.66. 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 company has a market capitalization of $80.95 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 4.87 and a beta of 0.44. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.11.

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 the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company decreased their price objective on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.79.

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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