Park Avenue Securities LLC Raises Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Park Avenue Securities LLC increased its holdings in Mondelez International by 31.8%, owning 26,224 shares valued at $1,769,000 at the end of the second quarter.
• Analysts have raised price targets for Mondelez International, with forecasts ranging from $69.00 to $88.00, indicating a generally positive outlook for the stock.
• The company announced a quarterly dividend increase to $0.50 per share, reflecting a 3.1% yield with a payout ratio of 68.86%.

Park Avenue Securities LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 31.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,224 shares of the company's stock after purchasing an additional 6,327 shares during the quarter. Park Avenue Securities LLC's holdings in Mondelez International were worth $1,769,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Hemington Wealth Management lifted its holdings in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the last quarter. Enterprise Bank & Trust Co boosted its holdings in shares of Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock worth $1,616,000 after purchasing an additional 170 shares during the period. Finally, Sage Private Wealth Group LLC boosted its holdings in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after purchasing an additional 175 shares during the period. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on MDLZ shares. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Stifel Nicolaus increased their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays lifted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group cut their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price objective for the company. Fourteen equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of MDLZ stock opened at $64.39 on Thursday. The company has a market capitalization of $83.32 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.83 and a beta of 0.44. The company's 50-day simple moving average is $63.82 and its two-hundred day simple moving average is $65.69. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. Mondelez International'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, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 30th. Mondelez International's 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.

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