Swisher Financial Concepts Inc. Buys New Shares in Mondelez International, Inc. $MDLZ

Swisher Financial Concepts Inc. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,439 shares of the company's stock, valued at approximately $299,000.

Other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management raised its holdings in Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after acquiring an additional 160 shares during the period. Sound Income Strategies LLC raised its stake in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after acquiring an additional 168 shares during the last quarter. Enterprise Bank & Trust Co boosted its holdings in shares of Mondelez International by 0.7% during the second 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 grew its stake in shares of Mondelez International by 3.7% in the first 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 last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.79.

Mondelez International Stock Down 2.8%

MDLZ stock opened at $62.56 on Friday. The business has a 50 day moving average of $63.67 and a 200 day moving average of $65.66. The firm has a market cap of $80.95 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 4.87 and a beta of 0.44. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.11. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company'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. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date 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 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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