Texas Capital Bank Wealth Management Services Inc Buys New Stake in Mondelez International, Inc. $MDLZ

Key Points

• Texas Capital Bank Wealth Management Services Inc acquired a new stake in Mondelez International, purchasing 6,318 shares valued at approximately $429,000 during the first quarter.
• Mondelez International recently declared a quarterly dividend increase from $0.47 to $0.50 per share, effective October 14th, representing a 3.2% yield.
• Wall Street analysts have positive outlooks for Mondelez, with the average price target being $71.95, indicating a consensus rating of "Moderate Buy".

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,318 shares of the company's stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Abound Financial LLC acquired a new stake in shares of Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International during the 1st quarter worth approximately $26,000. Transce3nd LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in 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 worth $30,000 after buying an additional 346 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler upped their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Fourteen 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. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.66 on Wednesday. The stock has a fifty day moving average price of $66.59 and a 200 day moving average price of $65.68. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market cap of $81.08 billion, a PE ratio of 22.95, a P/E/G ratio of 4.67 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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. 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 period in the previous year, the company posted $0.86 EPS. Mondelez International's revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 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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