Mondelez International, Inc. $MDLZ Shares Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its holdings in Mondelez International by 7.5% during Q2, selling 8,865 shares and holding a total of 110,106 shares worth $7.4 million.
• Mondelez International reported better-than-expected earnings with a $0.73 EPS for the last quarter, beating analysts' estimates of $0.68, and achieved a 7.7% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend increase to $0.50 per share, representing an annual yield of 3.2%, due to be paid on October 14th.

Jacobs & Co. CA lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,106 shares of the company's stock after selling 8,865 shares during the quarter. Jacobs & Co. CA's holdings in Mondelez International were worth $7,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new stake in Mondelez International during the second quarter valued at $35,334,000. Kera Capital Partners Inc. grew its position in shares of Mondelez International by 24.0% in the second quarter. Kera Capital Partners Inc. now owns 5,018 shares of the company's stock valued at $338,000 after purchasing an additional 972 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Mondelez International in the first quarter valued at about $3,366,000. Howe & Rusling Inc. grew its position in shares of Mondelez International by 110.4% in the first quarter. Howe & Rusling Inc. now owns 193,224 shares of the company's stock valued at $13,110,000 after purchasing an additional 101,393 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $312,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ opened at $61.98 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's 50-day moving average price is $64.50 and its 200 day moving average price is $65.82. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.98. The firm has a market capitalization of $80.20 billion, a PE ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 firm earned $0.86 earnings per share. Mondelez International's quarterly 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. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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 represents a $2.00 dividend on an annualized basis 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 payout ratio is presently 68.86%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price on the stock. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. UBS Group dropped their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

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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