Mondelez International, Inc. $MDLZ Shares Acquired by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC increased its stake in Mondelez International by 38%, now owning 20,627 shares worth approximately $1.39 million.
• Mondelez International recently reported a quarterly profit of $0.73 per share, exceeding analysts' expectations and achieving a revenue of $8.98 billion.
• The company has announced a dividend increase to $0.50 per share, with a yield of 3.2%, set to be paid on October 14th.

Kathmere Capital Management LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,627 shares of the company's stock after buying an additional 5,677 shares during the period. Kathmere Capital Management LLC's holdings in Mondelez International were worth $1,391,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Swisher Financial Concepts Inc. acquired a new stake in shares of Mondelez International during the second quarter worth about $299,000. Evergreen Private Wealth LLC raised its holdings in Mondelez International by 7.9% during the second quarter. Evergreen Private Wealth LLC now owns 68,260 shares of the company's stock worth $4,603,000 after purchasing an additional 5,019 shares in the last quarter. Patron Partners LLC raised its holdings in Mondelez International by 3.2% during the second quarter. Patron Partners LLC now owns 19,414 shares of the company's stock worth $1,309,000 after purchasing an additional 607 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its holdings in Mondelez International by 2.9% during the second quarter. A. D. Beadell Investment Counsel Inc. now owns 15,831 shares of the company's stock worth $1,067,000 after purchasing an additional 450 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in Mondelez International by 1.4% during the second quarter. Congress Asset Management Co. now owns 142,017 shares of the company's stock worth $9,578,000 after purchasing an additional 2,013 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 1.3%

Shares of MDLZ opened at $63.36 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $81.98 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 4.73 and a beta of 0.44. The stock's fifty day simple moving average is $63.54 and its 200 day simple moving average is $65.62. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.11.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company posted $0.86 earnings per share. The firm'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. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed 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 of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is 68.86%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. started 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. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group cut their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.89.

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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