SCS Capital Management LLC Takes Position in Mondelez International, Inc. $MDLZ

Key Points

• SCS Capital Management LLC acquired a new stake in Mondelez International, Inc. ($MDLZ) during the first quarter, purchasing 4,195 shares valued at approximately $285,000.
• In recent broker ratings, JPMorgan Chase & Co. rated Mondelez as "overweight" with a price target of $75.00, while Jefferies Financial Group upgraded the stock from "hold" to "buy" with a new price target of $78.00.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, reflecting a positive change from its previous dividend of $0.47 and a yield of 3.2%.

SCS Capital Management LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,195 shares of the company's stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Logan Capital Management Inc. boosted its stake in shares of Mondelez International by 33.7% in the first quarter. Logan Capital Management Inc. now owns 307,343 shares of the company's stock valued at $20,853,000 after purchasing an additional 77,427 shares during the period. Faithward Advisors LLC lifted its stake in Mondelez International by 7.8% in the first quarter. Faithward Advisors LLC now owns 3,645 shares of the company's stock worth $247,000 after acquiring an additional 265 shares during the last quarter. MBB Public Markets I LLC purchased a new position in Mondelez International in the first quarter worth approximately $356,000. Ascent Group LLC lifted its stake in Mondelez International by 56.1% in the first quarter. Ascent Group LLC now owns 46,658 shares of the company's stock worth $3,166,000 after acquiring an additional 16,768 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its stake in Mondelez International by 0.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 87,086 shares of the company's stock worth $5,909,000 after acquiring an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. 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 target for the company. Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Stock Down 0.1%

MDLZ stock opened at $61.98 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.98. The company's 50 day moving average is $64.50 and its two-hundred day moving average is $65.82. The stock has a market cap of $80.20 billion, a P/E ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter last year, the company earned $0.86 earnings per share. The firm'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. Research 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 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 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 presently 68.86%.

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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