Mondelez International, Inc. $MDLZ Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Mondelez International by 15.1%, now owning 51,563 shares worth $3,477,000.
• Mondelez recently reported earnings of $0.73 EPS, exceeding estimates, and quarterly revenue of $8.98 billion, a 7.7% increase year-over-year.
• Mondelez International announced a dividend increase to $0.50 per share, representing a 3.2% yield, up from its previous $0.47 quarterly dividend.

Thurston Springer Miller Herd & Titak Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,563 shares of the company's stock after purchasing an additional 6,777 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Mondelez International were worth $3,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC purchased a new position in Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. lifted its holdings in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International in the 1st quarter valued at about $189,930,000. Finally, Natixis Advisors LLC lifted its holdings in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after purchasing an additional 1,775,570 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.8%

MDLZ traded up $1.10 on Tuesday, reaching $62.70. 8,403,213 shares of the company's stock were exchanged, compared to its average volume of 6,247,196. The company's 50 day moving average is $64.25 and its 200-day moving average is $65.81. The company has a market cap of $81.13 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 4.66 and a beta of 0.44. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company 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 positive change 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%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective for the company. Finally, Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.