Mondelez International, Inc. $MDLZ Stock Holdings Lessened by ORG Partners LLC

Key Points

• ORG Partners LLC reduced its stake in Mondelez International, Inc. by 80.1%, ending the quarter with 2,201 shares valued at $152,000.
• Mondelez International reported a 7.7% increase in revenue year-over-year, reaching $8.98 billion, and exceeded earnings per share estimates by $0.05.
• The company plans to pay a dividend of $0.50 on October 14th, marking an increase from the previous dividend of $0.47.

ORG Partners LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 80.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,201 shares of the company's stock after selling 8,880 shares during the quarter. ORG Partners LLC's holdings in Mondelez International were worth $152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in Mondelez International by 15.0% during the first 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 lifted its stake in shares of Mondelez International by 20.7% in 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. lifted its stake in shares of Mondelez International by 23.6% in 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. raised its holdings in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after buying an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after buying an additional 4,002 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ opened at $63.36 on Monday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.11. 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 stock's 50 day simple moving average is $63.54 and its 200-day simple moving average is $65.64. The stock has a market cap of $81.98 billion, a PE ratio of 23.21, a P/E/G ratio of 4.79 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for 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 business's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend 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 currently 68.86%.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price on the stock. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $71.89.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.