Raymond James Financial Inc. Purchases 33,141 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Raymond James Financial Inc. increased its holdings in Mondelez International by 0.8%, acquiring an additional 33,141 shares, bringing its total ownership to 4,333,025 shares valued at approximately $293.996 million.
• Mondelez International has a positive consensus rating of "Moderate Buy" among analysts, with a current price target averaging $71.95, reflecting optimistic views post-earnings growth.
• The company announced an increase in its quarterly dividend to $0.50 per share, representing an annualized yield of 3.2%, demonstrating financial strength and shareholder return commitment.

Raymond James Financial Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,333,025 shares of the company's stock after buying an additional 33,141 shares during the period. Raymond James Financial Inc. owned 0.33% of Mondelez International worth $293,996,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $26,000. Transce3nd LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, Morgan Stanley upped their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.08 on Friday. The stock has a market capitalization of $80.33 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.69 and a beta of 0.46. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm's 50 day simple moving average is $66.78 and its 200-day simple moving average is $65.63. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is 73.26%.

About Mondelez International

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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