Strs Ohio Purchases Shares of 413,328 Mondelez International, Inc. $MDLZ

Key Points

• Strs Ohio acquired 413,328 shares of Mondelez International, Inc. (NASDAQ:MDLZ), valued at approximately $28 million, in the first quarter of the year.
• Investment analysts have a generally positive outlook on Mondelez, with an average rating of "Moderate Buy" and a consensus price target of $72.00.
• Mondelez recently increased its quarterly dividend from $0.47 to $0.50 per share, reflecting a boost in their annualized dividend yield to 3.2%.

Strs Ohio purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 413,328 shares of the company's stock, valued at approximately $28,044,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Brighton Jones LLC raised its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock worth $20,009,000 after purchasing an additional 3,706 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Mondelez International in the fourth quarter worth about $1,356,000. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Mondelez International by 4.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 299,217 shares of the company's stock worth $18,016,000 after purchasing an additional 12,813 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Mondelez International in the fourth quarter worth about $1,179,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price on the stock. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Fourteen investment 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's stock. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Mondelez International Trading Down 0.4%

MDLZ opened at $62.05 on Friday. The firm has a market cap of $80.29 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.71 and a beta of 0.44. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.98. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $64.64 and a 200 day moving average of $65.84.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.2%. This is a boost 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.

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