Mondelez International, Inc. $MDLZ Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its holdings in Mondelez International by 6.5%, owning 367,223 shares valued at approximately $24.77 million by the end of the recent quarter.
• Mondelez International recently announced a quarterly dividend of $0.50 per share, marking an increase from its previous dividend of $0.47, and reflecting a dividend yield of 3.2%.
• Analysts have mixed opinions on Mondelez, with fourteen rating it as a Buy, while the consensus target price currently stands at $71.89, down from previous estimates.

Janney Montgomery Scott LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 367,223 shares of the company's stock after purchasing an additional 22,528 shares during the quarter. Janney Montgomery Scott LLC's holdings in Mondelez International were worth $24,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC boosted its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. NBC Securities Inc. boosted its stake in Mondelez International by 67,660.0% during the 1st quarter. NBC Securities Inc. now owns 10,164 shares of the company's stock worth $689,000 after purchasing an additional 10,149 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Mondelez International by 8.7% during the 1st quarter. Merit Financial Group LLC now owns 53,818 shares of the company's stock worth $3,652,000 after acquiring an additional 4,302 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Mondelez International by 45.7% during the 1st quarter. ST Germain D J Co. Inc. now owns 4,169 shares of the company's stock worth $283,000 after acquiring an additional 1,307 shares during the period. Finally, Romano Brothers AND Company raised its holdings in shares of Mondelez International by 6.5% during the 1st quarter. Romano Brothers AND Company now owns 7,820 shares of the company's stock worth $531,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Wells Fargo & Company reduced their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target on the stock. Fourteen investment 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.89.

Mondelez International Stock Up 1.1%

Shares of MDLZ opened at $63.17 on Thursday. The firm has a market cap of $81.74 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 4.73 and a beta of 0.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.97. The company's 50-day moving average price is $63.10 and its 200 day moving average price is $65.58. 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 (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, sell-side analysts forecast 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 given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a 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 73.26%.

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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