RBO & Co. LLC Grows Stake in Mondelez International, Inc. $MDLZ

Key Points

• RBO & Co. LLC increased its stake in Mondelez International by 34.4% in the first quarter, holding 349,139 shares, valued at approximately $23.7 million.
• Mondelez International reported an earnings per share (EPS) of $0.73 for the last quarter, exceeding analysts' expectations of $0.68, with a 7.7% year-over-year revenue growth.
• The company announced a quarterly dividend increase to $0.50, translating to an annualized yield of 3.2%, with the dividend payout ratio currently at 73.26%.

RBO & Co. LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,139 shares of the company's stock after acquiring an additional 89,424 shares during the period. Mondelez International comprises approximately 3.8% of RBO & Co. LLC's holdings, making the stock its 10th largest position. RBO & Co. LLC's holdings in Mondelez International were worth $23,689,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in Mondelez International in the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Finally, North Capital Inc. bought a new stake in Mondelez International during the 1st quarter worth approximately $31,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Sanford C. Bernstein lifted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.09 on Tuesday, reaching $62.05. The company's stock had a trading volume of 8,456,946 shares, compared to its average volume of 8,301,013. The company has a 50-day simple moving average of $66.23 and a 200 day simple moving average of $65.89. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. 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 $80.29 billion, a P/E ratio of 19.92, a PEG ratio of 4.68 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

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.