Norway Savings Bank Has $1.09 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• Norway Savings Bank has reduced its stake in Mondelez International by 26.3% during the second quarter, now holding 16,229 shares valued at approximately $1.09 million.
• Mondelez International announced a quarterly dividend increase to $0.50, up from $0.47, which translates to an annualized dividend of $2.00 with a yield of 3.2%.
• Analysts have raised their price targets for Mondelez International, with Barclays elevating it to $77.00 and Jefferies upgrading from "hold" to "buy" with a new target of $78.00, showing strong bullish sentiment.

Norway Savings Bank lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 26.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,229 shares of the company's stock after selling 5,799 shares during the period. Norway Savings Bank's holdings in Mondelez International were worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Hemington Wealth Management grew its holdings in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Sage Private Wealth Group LLC boosted its stake in shares of Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after acquiring an additional 175 shares during the last quarter. Finally, Verus Financial Partners Inc. boosted its stake in shares of Mondelez International by 3.7% during the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $61.98 on Friday. 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 company has a market cap of $80.20 billion, a P/E ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. The firm's fifty day moving average is $64.50 and its two-hundred day moving average is $65.82. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.98.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its 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. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm 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 posted $0.86 EPS. The business's quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's payout ratio is presently 68.86%.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Barclays raised their price objective on shares of 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 raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, UBS Group decreased their price objective 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. Fourteen research 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's stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus 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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