Mondelez International, Inc. $MDLZ Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mondelez International by 4.3%, owning over 1 million shares valued at approximately $70.7 million.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, reflecting a 6.4% increase from the previous dividend, with a resulting dividend yield of 3.2%.
• Analysts have upgraded their ratings for Mondelez International, with price targets increasing to as high as $88.00, suggesting a positive outlook on the stock's performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,042,290 shares of the company's stock after purchasing an additional 43,312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Mondelez International worth $70,719,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares in the last quarter. Finally, North Capital Inc. bought a new position in shares of Mondelez International in the first quarter valued at $31,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.4%

Mondelez International stock opened at $61.74 on Friday. The company's fifty day simple moving average is $65.16 and its 200-day simple moving average is $65.88. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $79.89 billion, a P/E ratio of 22.62, a P/E/G ratio of 4.61 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the previous year, the company posted $0.86 EPS. Mondelez International'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, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is presently 68.86%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDLZ. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus upped 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, Sanford C. Bernstein boosted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Fourteen investment 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's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

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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