Ceredex Value Advisors LLC Has $50.46 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Ceredex Value Advisors LLC increased its stake in Mondelez International by 8.7% during Q1, owning 743,723 shares valued at approximately $50.46 million.
• Mondelez International's stock has received numerous upgrades from analysts, with a consensus rating of "Moderate Buy" and an average price target of $72.00.
• The company declared a quarterly dividend of $0.50, reflecting an increase from the previous dividend of $0.47, indicating a strong commitment to returning value to shareholders.

Ceredex Value Advisors LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 743,723 shares of the company's stock after buying an additional 59,482 shares during the period. Mondelez International makes up about 1.1% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 26th largest holding. Ceredex Value Advisors LLC owned about 0.06% of Mondelez International worth $50,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Brighton Jones LLC boosted its position in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock worth $20,009,000 after buying an additional 3,706 shares during the period. Capital Analysts LLC lifted its position in Mondelez International by 22.2% in the fourth quarter. Capital Analysts LLC now owns 7,311 shares of the company's stock worth $437,000 after purchasing an additional 1,329 shares during the period. Coldstream Capital Management Inc. lifted its position in Mondelez International by 10.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 28,982 shares of the company's stock worth $1,731,000 after purchasing an additional 2,794 shares during the period. Finally, Berger Financial Group Inc acquired a new stake in Mondelez International in the fourth quarter worth approximately $234,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.3%

NASDAQ:MDLZ traded up $0.16 during trading hours on Friday, hitting $61.44. 5,866,833 shares of the stock traded hands, compared to its average volume of 7,301,783. The firm has a 50 day moving average price of $65.82 and a 200 day moving average price of $65.86. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market cap of $79.50 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.63 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its 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. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The company'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. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Analysts Set New Price Targets

Several research analysts have issued reports on MDLZ shares. Piper Sandler upped 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. 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. 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. 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. Finally, JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.