Mondelez International, Inc. $MDLZ Shares Acquired by Twin Tree Management LP

Key Points

• Twin Tree Management LP significantly increased its holdings in Mondelez International by 630.6% in the first quarter, acquiring 206,895 additional shares, bringing its total to 239,706 shares valued at approximately $16.26 million.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, increasing from the previous dividend of $0.47, resulting in a yield of 3.3%.
• In its latest earnings report, Mondelez International posted an EPS of $0.73, surpassing expectations of $0.68, and reported a revenue of $8.98 billion, which was above the consensus estimate.

Twin Tree Management LP raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 630.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,706 shares of the company's stock after purchasing an additional 206,895 shares during the period. Twin Tree Management LP's holdings in Mondelez International were worth $16,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC boosted its holdings in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC boosted its holdings in shares of Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after acquiring an additional 1,075 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after acquiring an additional 4,002 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. UBS Group lowered 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. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein increased their price target 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. Fourteen 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Trading Up 0.3%

NASDAQ MDLZ traded up $0.16 during trading on Monday, hitting $61.44. The stock had a trading volume of 5,866,833 shares, compared to its average volume of 7,062,599. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.44. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a 50 day simple moving average of $65.68 and a 200 day simple moving average of $65.94.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The business 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 firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International's dividend payout ratio is 68.86%.

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.