Norden Group LLC Buys 5,367 Shares of Mondelez International, Inc. $MDLZ

Norden Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,944 shares of the company's stock after purchasing an additional 5,367 shares during the quarter. Norden Group LLC's holdings in Mondelez International were worth $1,278,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its holdings in shares of Mondelez International by 15.0% in 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 in the last quarter. Canopy Partners LLC lifted its position in Mondelez International by 20.7% during the first 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. grew 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 worth $3,039,000 after buying an additional 8,544 shares in the last quarter. TCW Group Inc. grew its stake 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 worth $6,679,000 after buying an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased 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 worth $738,000 after buying an additional 4,002 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDLZ shares. Piper Sandler increased their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective for the company. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Trading Up 0.9%

Shares of NASDAQ MDLZ opened at $64.39 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.11. The firm has a market cap of $83.32 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 4.83 and a beta of 0.44. The business has a fifty day simple moving average of $63.82 and a two-hundred day simple moving average of $65.69. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 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.

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